Vector Limited (Vector) announced today that the interest rate on its Capital Bonds (VCT080) for the period from 15 June 2022 until the next election date on 15 June 2027 will be 6.23% per annum. 

On 3 May 2022, Bondholders were sent an Election Notice and explanatory notes containing information about the new interest rate applicable to the Capital Bonds for the period from 15 June 2022 until the next election date of 15 June 2027 and details of Bondholders’ election options.

Vector Limited (Vector) currently has on issue unsecured, subordinated capital bonds (Capital Bonds) (VCT080) subject to the terms of the trust deed dated 25 September 2002 (as amended) (Trust Deed).

The nine months to 31 March 2022 have seen Auckland’s growth continue, with network connection numbers growing across Vector’s electricity and gas networks.

Vector Limited advises that the Election Date for its Capital Bonds (VCT080, ISIN: NZVCTDT010C4) is 15 June 2022.

New Zealand-based energy company Vector has today announced a strategic review of its smart metering business