SBS Bank, founded in 1869 and headquartered in Invercargill, New Zealand, is a community-focused financial institution dedicated to providing banking services to the Southland region. The bank offers a range of products including personal and business banking solutions, mortgages, and investment options.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SBSBNK 4.32% 2027-03-18 NZDSBS Bank | New Zealand | 2027-03-18 | 4.320 | 3.41 |
| SBSBNK 6.14% 2029-03-07 NZDSBS Bank | New Zealand | 2029-03-07 | 6.140 | 4.11 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SBS Bank has a strong history of bond issuances, having first entered the bond market in the early 1990s to support its lending activities. Notable recent issuances include a significant 10-year bond in 2022, which aimed to bolster its capital base while offering competitive yields for investors. As of October 2023, SBS Bank's bonds are yielding around 4.50%, making them attractive compared to many peers in the retail banking sector. The bank also occasionally offers subordinated debt instruments, enhancing their appeal by providing higher risk-adjusted returns to investors.