Z issues $135m in seven-year bonds

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.


Got a question about this story? Leave it in Comments & Questions below.

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 0.7006 0.0005 0.07%
AUD 0.9202 0.0017 0.19%
EUR 0.6108 0.0006 0.10%
GBP 0.4792 0.0001 0.02%
HKD 5.4343 0.0062 0.11%
JPY 74.5710 0.2200 0.30%

Commods

Commodity Price Change Time
Gold Index 1292.7 26.930 2016-04-29T00:
Oil Brent 47.4 0.530 2016-04-29T00:
Oil Nymex 45.9 -0.080 2016-04-29T00:
Silver Index 17.8 0.269 2016-04-29T00:

Indices

Symbol Open High Last %
NZX 50 6820.6 6820.6 6820.6 -0.42%
NASDAQ 4805.8 4807.9 4805.3 -0.62%
DAX 10235.5 10252.1 10321.1 -2.73%
DJI 17813.1 17814.8 17830.8 -0.32%
FTSE 6322.4 6322.4 6322.4 -1.27%
HKSE 21215.2 21235.4 21388.0 -1.50%
NI225 16357.1 16357.1 16666.0 -3.46%