Member log in

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
2

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