Friday 18th November 2011 |
Text too small? |
Transpower New Zealand, owner and operator of the national power grid, is making an offer of up to $200 million of unsecured, unsubordinated bonds.
The announcement comes after Transpower chairman Mark Verbiest said yesterday the state-owned enterprise must raise $3 billion of debt over the next five years, some of which would have to come from the domestic market.
The bonds are being offered with terms to maturity of four years (floating rate notes) and seven years (fixed rate notes), at the company’s discretion.
It expects bonds will be assigned a credit rating of AA- by Standard & Poor’s and A1 by Moody’s.
Announcements on interest rates and issue margins are expected on Nov. 25.
BusinessDesk.co.nz
No comments yet
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report
IKE Announces equity raising of A$20 million
Chorus full year results date
FPH 2025 Notice of Annual Meeting and Voting Form