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.

This article is tagged with the following keywords. Find out more about My Tags

2 Comments & Questions

Commenter icon key: Subscriber Verified

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%

Reply
Share

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

Reply
Share

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7859 0.0031 0.40%
AUD 0.8933 -0.0008 -0.09%
EUR 0.6206 0.0018 0.29%
GBP 0.4893 0.0010 0.20%
HKD 6.0959 0.0239 0.39%
JPY 84.8650 0.2180 0.26%

Commods

Commodity Price Change Time
Gold Index 1228.6 -9.570 2014-10-23T00:
Oil Brent 86.8 0.380 2014-10-23T00:
Oil Nymex 82.0 1.530 2014-10-23T00:
Silver Index 17.1 -0.073 2014-10-23T00:

Indices

Symbol Open High Last %
NZX 50 5292.8 5344.4 5292.8 0.77%
NASDAQ 4427.4 4475.6 4382.9 1.60%
DAX 9008.6 9044.9 9047.3 -0.50%
DJI 16468.1 16767.5 16614.8 0.38%
FTSE 6419.1 6419.1 6419.1 -0.40%
HKSE 23311.9 23352.6 23333.2 -0.13%
NI225 15354.4 15377.0 15139.0 1.01%