tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, March 28th, 10:13PM

Investments

rss
Latest Headlines

Z Energy mulls another retail bond issue

Z Energy, formerly Greenstone Energy Finance, says it is considering another retail bond issue on similar terms to last year's $147 million issue which ranked equally with Z's banks.

Thursday, May 19th 2011, 2:49PM

by Jenny Ruth

Chief executive Mike Bennets says no decision on how much Z would seek to raise or on other terms of the bonds has been made yet.

Z, a joint-venture between listed infrastructure investor Infratil and the government's New Zealand Superannuation Fund bought Shell's New Zealand petrol stations, 25% of Fly Buys and 17.1% of the listed New Zealand Refining Company for $696.5 million in April last year.

The first bond issue aimed to raise $100 million plus up to another $100 million in over-subscriptions. They last traded at 6.85%, or just below

$103 per $100 face value, compared with the 7.35% coupon.

« Canterbury university may need govt help on earthquake remediationHeartland faces obstacles to achieve bank status »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

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