Sharechat Logo

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

Friday 22nd May 2009

Text too small?

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



  General Finance Advertising    

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:

CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report
TRU - Results Guidance FY2026
TRU - Results Guidance FY2026
MEE - Me Today announces six-month results to 31 December 2025
HGH - Heartland announces 1H2026 result
BRW - FY26 Half Year Results Announcement
February 25th Morning Report
Genesis completes NZ$100m Placement
MCY - Invests heavily in renewables; delivers strong performance

© Copyright 1997-2026 MoneyOnline Ltd - All Rights Reserved

IRG See IRG research reports