Z Energy bonds to raise up to $150 million
Z goes to the local market for cash.
Z Energy (formerly Greenstone Energy) is offering up to $150 million of bonds to local investors.
The company, owned by Infratil and the NZ Superannuation Fund, has registered a prospectus for an offer of up to $100 million, with the ability to accept oversubscriptions of up to $50 million.
The bonds will have an interest rate of 7.25% per year.
“Z Energy is pleased to be offering bonds to New Zealand investors, following its successful inaugural bond offering in 2010,” the company said today.
“This represents an opportunity to invest in an emerging Kiwi brand, supported by 100 years of heritage and a track record of market leading performance.”
NBR staff
Wed, 29 Jun 2011
Wed, 29 Jun 2011
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Z Energy bonds to raise up to $150 million
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