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IAG FINANCE (NEW ZEALAND) LIMITED (IAN) QUARTERLY INTEREST PAYMENT

June 17, 2014



ENP Newswire - 17 June 2014

Release date- 17062014 - IAG FINANCE (NEW ZEALAND) LIMITED (IAN) QUARTERLY INTEREST PAYMENT.

IAG Finance (New Zealand) Limited today announced the Interest Rate in respect of the Reset Exchangeable Securities (RES) for the quarter ending 14 September 2014, calculated as follows:

Bank Bill Rate (90 Day Bank Bill Rate as at 16 June 2014) 2.6850 % pa

Plus RES Margin 4.0000 % pa

-----------------

6.6850 % pa

Multiplied by 1 - Tax Rate 0.70

Interest Rate 4.6795% pa

Interest Payment per RES $1.1667

The Interest Payment of $1.1667 is expected to be fully franked and will be paid in respect of each RES on 15 September 2014 with a Record Date of 5 September 2014, subject to the satisfaction of the interest payment tests set out in clause 3.3of the RES Terms.

Under the RES Terms all calculations of interest payments will be rounded to four decimal places. For the purposes of making any payment in respect of a RES Holder's aggregate holding of RES, fractions of cents are disregarded.


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Source: ENP Newswire


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