|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Register free for JLL Future Cities Wellington here Dismiss
Last Article Uploaded: Monday, April 12th, 7:04AM


Latest Headlines

Sky to offer 10-year bonds

Sky Network Television is considering making an offer of 10-year unsecured unsubordinated bonds with a re-settable interest rate.

Tuesday, August 29th 2006, 6:44AM
The bonds will have an annually re-settable interest rate with a fixed margin. The interest rate for the first year will be a minimum of 8.0%.

The company is looking to raise up to $200 million. "The proposed bond issue will provide Sky with long-term funding to repay the capital notes and retire some bank debt," Sky chief executive John Fellet says.

The proposed offer will consist of a priority pool of up to $105 million for holders of Sky's existing capital notes, firm allocations to NZX Firms and financial institutions and possibly a public pool.

It is proposed that the offer will open on September 20, and close for capital noteholders on October 3, and for other investors on October 12.

Sky intends to repay the existing capital notes on October 16 under the terms of the capital notes trust deed.

No money is currently being sought and no applications for bonds will be accepted or money received prior to investors receiving a copy of an investment statement in respect of the bonds.

« Deposit Rates News BriefsBig finance companies to be treated like banks »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 0.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
  • Are robots the future of advice?
    “Yeah/Nah another article talking financial advisers but really means to say financial planning... The bespoke needs of...”
    5 days ago by JPHale
  • [The Wrap] FSLAA isn't the only big change advisers need to be aware of
    “I watch with hope that FMA will decide to investigate potential and existing sharp practices that are nothing less than fraudulent,...”
    6 days ago by Chatterbox
  • Are robots the future of advice?
    “The majority of the 9,000 consumers surveyed globally said that they trust robots more than humans to help manage their personal...”
    6 days ago by All hat no cattle
  • Are robots the future of advice?
    “What a load of tripe - produced by someone with something to gain. The global experiment with RoboAdvice has demonstrated...”
    6 days ago by Pragmatic
  • Are robots the future of advice?
    “Of course Oracle would produce research supporting their products!! No surprise there. However, I doubt very much if serious...”
    6 days ago by dcwhyte
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and