Wednesday 31st August 2016 |
Text too small? |
Spark New Zealand is to raise $125 million in 10-year bonds, paying investors an interest rate of 3.94 percent.
The Auckland-based telecommunications company is paying 1.55 percent above the ten-year swap rate, the latest in a string of companies looking to refinance debt at a time when interest rates in New Zealand are at a record low.
The bonds will be issued on Sept. 7 2016 and mature on Sept. 7 2026.
ANZ and Westpac were joint lead managers.
Shares in Spark were unchanged at $3.81 and have risen by 16.1 percent since the start of the year.
BusinessDesk.co.nz
No comments yet
Meridian welcomes Government reforms
October 1st Morning Report
Heartland publishes Annual Report, Climate Report and NOM
SCL - Scales increases ownership of Australian Joint Ventures
Cooks Coffee Company Trading Update
September 30th Morning Report
Devon Funds Morning Note - 29 September 2025
Synlait confirms Bright Dairy vote received
SML - FY25 Results, North Island Assets Sale & Annual Meeting
September 29th Morning Report