Wednesday 29th June 2011
|Text too small?|
Z Energy Limited, formerly Greenstone Energy Limited, has today registered a Prospectus for an offer of up to NZ$100 million bonds (with the ability to accept oversubscriptions of up to NZ$50 million).
The offer opens on Friday 8 July 2011 and will remain open until 5 August 2011 (unless extended by Z Energy).
The bonds will have an interest rate of 7.25% p.a. and will mature on 15 August 2018.
The Bonds are secured and guaranteed by the Issuer, Greenstone Energy Holdings Limited and Aotea Energy Limited, together with other subsidiaries of Aotea Energy Limited, which are jointly called “Z Energy Group”. The joint owners, New Zealand Superannuation Fund and Infratil, do not guarantee the bonds.
The Z Energy Group's banks and bondholders share the same security over the issuer's and guarantors' assets on an equal ranking basis. This security ranks behind Shell's security over petroleum products that Shell has supplied for which it has not been paid, and their proceeds, and statutorily preferred creditors.
Interest will be paid quarterly, with the first interest payment date scheduled to occur on 15 August 2011. The first interest payment will be interest to the original subscriber (ITOS) and include early bird interest earned on subscription monies from the date these are banked into the offer trust account.
No comments yet
New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto