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Medium Term Note Programme of Westpac New Zealand Limited as Issuer Product Disclosure Statement. 14 December 2021This document is a replacement product disclosure statement, replacing the product
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A medium term note programme is a debt issuance framework that allows an issuer to offer and sell medium term notes (MTNs) to investors, typically with maturities ranging from one to ten years.
Entities interested in issuing medium term notes, such as corporations, financial institutions, and governments, are generally required to file a medium term note programme.
To fill out a medium term note programme, issuers must provide detailed information, including the terms of the notes, the issuer's financial status, and any relevant disclosures regarding the offering.
The purpose of a medium term note programme is to provide issuers with a flexible and efficient way to raise capital over a medium-term period while allowing investors access to a variety of debt securities.
Information that must be reported includes the terms and conditions of the notes, the issuer's financial statements, risk disclosures, and the use of proceeds from the issuance.
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