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Z Energy bonds offered at 6.5%

BUSINESSDESK: Z Energy's $100 million retail bonds issue will carry an interest rate of 6.5% and will mature on November 15, 2019, the company says.

The seven-year bonds are Z's third such issue, and the company is reserving the right to accept a further $50 million in funds.

The downstream transport fuels company already has $297 million of bonds on issue.

Comments and questions

Your note being paid for the risk folks! In amarket where WBC and NAB are paying above this rate, why would you buy Z @ 6.5%

i'm confused - just where can this wbc and nab rate above 6.5% be found