Friday 24th August 2018 |
Text too small? |
Z Energy, New Zealand’s biggest fuel retailer, accepted $25 million of over-subscriptions in its latest bond offer.
The company will next month issue $125 million of the six-year, unsubordinated, secured, fixed-rate bonds. They mature on Sept. 4 2024 and will pay 4 percent interest annually – the bottom of the indicated range.
The proceeds will help refinance Z Energy’s $150 million, seven-year retail bond that matured on August 15. It paid 7.25 percent interest.
Z Energy has total term debt of about $910 million - $355 million of which matures during the next five years.
The shares rose 0.3 percent to $7.44.
(BusinessDesk)
No comments yet
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