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:

SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report
PEB - Q3 26 Results and Key Strategic Milestones
FBU - Fletcher Building announces sale of Fletcher Construction
A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report