NEW ISSUES & OFFERS

VECTOR LIMITED

SENIOR BOND OFFER DETAILS

Vector Limited (Vector) has announced an offer of up to $200 million (with the ability to accept up to NZ$50 million in oversubscriptions) of unsecured unsubordinated fixed rate bonds (Bonds).

The Bonds have a 6 year term, maturing 27 May 2025. The Bonds have been assigned a BBB credit rating by Standard & Poor’s, the same as the Issuer credit rating.

The indicative margin range is 165bps to 175bps, and on 10 May this implied a coupon of 3.49% to 3.59% per annum. The actual Interest Rate will not be less than 3.45%.

More information in the Indicative Terms Sheet and Product Disclosure Statement.

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