Z Energy mulls new retail bond offer

Locally owned downstream transport fuels supplier Z Energy is considering another retail bond offer after the success of previous offerings.

No size or term is being given for the possible offer, which is likely to be timed for mid-July, said chief executive Mike Bennetts in a statement.

"Any issue would likely be of senior, secured fixed rate bonds, with bondholders sharing the same security as Z's banks and existing bondholders, on an equal ranking basis."

Z currently has a total of $297 million of retail bond debt and made its most recent issue in July last year, paying 7.25 percent on a seven year bond.

Registrations of interest being sought through the issue's arrange, ANZ Bank, prior to the issue of a simplified prospectus.

BusinessDesk.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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER