Downer EDI's Works Finance may sell 3-year bonds in NZ

Friday 22nd May 2009

Australian construction firm Downer EDI said its Works Finance unit in New Zealand may sell 3-year bonds.

The public offering would be of fixed interest, unsubordinated bonds, maturing in September 2012, according to a statement from Downer. It gave no details of the amount or likely yield.

Sydney-based Downer, which has a BBB- rating and ‘stable’ outlook at Fitch, this month completed A$222 million of funding, extending debt maturity profile.

The company was this month chosen by state-owned Solid Energy New Zealand as partner to negotiate an alliance arrangement to jointly manage and operate the Stockton Opencast Mine in Buller starting in October.

The shares fell 3.5% to $4.69 on the ASX today.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait finalises refinancing and advises changes to balan
KMD strengthens balance sheet with debt refinance
GXH - Green Cross Health Limited - Annual Shareholders' Meeting
VGL - Cineplexx Europe signs to Operational Excellence
STU - Steel & Tube - Director Resignation - Steve Reindler
Ryman Healthcare Limited Notice of Meeting 2026
Spark New Zealand FY26 Results Announcement Date
OCA - Oceania bond offer - interest rate set
VNT - Appointment of Managing Director and Group CEO of Ventia
ATM - a2MC declares $300 million special dividend