Spark revises indicative margin for 5.5-year retail bond

On 31 August, Spark Finance (Spark) revised the indicative margin for its forthcoming 5.5-year domestic retail bond to 100-105 basis points over mid swap. The final margin for the NZ$100-125 million (US$66.6-83.3 million) deal will be revealed following a bookbuild, expected to be completed today.