Port of Tauranga Limited announced to issue of Five Year Fixed Rate Notes, $100 million of bonds have been allocated to participants (or their clients). The interest rate for the Fixed Rate Notes has been set at 1.02% per annum. This reflects a margin of 0.90% per annum over the underlying swap rate. The Notes will be issued on Tuesday, 29 September 2020 and will mature on 29 September 2025.