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TrustPower Bond Programme

28 Feb 2003

TrustPower Limited announces that its tap unsecured subordinated Bond Programme has raised nearly $140million.

While the registry will cease to accept applications for the 2007 Bond, the following Bonds will be on issue:

Bonds maturing on 15 December 2008, which will carry an 8.3% per annum quarterly coupon; and Bonds maturing on September 2012, which will carry an 8.5% per annum quarterly coupon.

Allocations of both Bonds have been made to a number of banks and brokers and investment statements will be available from next week. Any member of the public seeking an investment statement is invited to contact TrustPower Limited on 0800 112210.

NZSE Limited has accepted the Bonds for listing.


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