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 0.6788 0.0080 1.19%
AUD 0.9380 0.0060 0.64%
EUR 0.6099 0.0085 1.41%
GBP 0.4684 0.0100 2.18%
HKD 5.2730 0.0633 1.22%
JPY 75.1400 0.7530 1.01%

Commods

Commodity Price Change Time
Gold Index 1214.8 2.140 2016-05-31T00:
Oil Brent 49.9 -0.060 2016-05-31T00:
Oil Nymex 49.1 -0.230 2016-05-31T00:
Silver Index 16.0 -0.280 2016-05-31T00:

Indices

Symbol Open High Last %
NZX 50 7043.9 7049.0 7039.4 -0.03%
NASDAQ 4938.5 4951.4 4933.5 0.29%
DAX 10356.1 10365.2 10333.2 -0.68%
DJI 17891.5 17899.2 17873.2 -0.48%
FTSE 6270.8 6290.1 6270.8 -0.64%
HKSE 20617.3 20974.7 20629.4 0.90%
NI225 17029.5 17251.4 17068.0 0.98%
ASX 5408.0 5408.0 5408.0 -0.54%