Z issues $135m in seven-year bonds

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

BUSINESSDESK: Z Energy is to issue $135 million of senior, secured seven-year corporate bonds, some $35 million above the $100 million sought, but below the upper limit for acceptances of $150 million.

The issue, which will occur formally tomorrow, is fixed at 6.5% annually, maturing on November 15, 2019.

The entire issue was filled by participants in a bookbuild, with no bonds to be offered in a public pool.

The issue takes total Z Energy bonds listed on the NZDX to $432 million.


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

Comments & Questions

Commenter icon key: Subscriber Verified

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 0.7592 0.0009 0.12%
AUD 0.9701 0.0018 0.19%
EUR 0.6982 0.0064 0.93%
GBP 0.5115 0.0017 0.33%
HKD 5.8877 0.0066 0.11%
JPY 90.5560 -0.0820 -0.09%

Commods

Commodity Price Change Time
Gold Index 1204.8 7.800 2015-03-26T00:
Oil Brent 59.2 2.710 2015-03-26T00:
Oil Nymex 51.4 2.220 2015-03-26T00:
Silver Index 17.1 0.130 2015-03-26T00:

Indices

Symbol Open High Last %
NZX 50 5833.2 5833.7 5833.2 -0.04%
NASDAQ 4835.7 4889.2 4876.5 -0.27%
DAX 11736.3 11849.4 11865.3 -0.18%
DJI 17716.3 17759.5 17718.5 -0.23%
FTSE 6991.0 6991.0 6991.0 -1.37%
HKSE 24442.5 24592.0 24528.2 -0.13%
NI225 19605.6 19623.1 19746.2 -1.39%