Sharechat Logo

Greenstone Energy offers 7.35% rate on 6-year bonds

Thursday 12th August 2010

Text too small?

Greenstone Energy, the new owner of Shell's New Zealand retail and distribution assets, has offered a 7.35% interest rate on its inaugural sale of $100 million of bonds.

The bonds, which mature on October 15, 2016, are available only to New Zealand residents, with a minimum investment is $5,000. The offer opens on August 16 and closes on September 15, with capacity for up to $100 million of oversubscriptions.

The Infratil/NZ Super Fund-owned Greenstone took over Shell's, 230 service stations, 95 truckstops, a fuel storage network and distribution infrastructure, a 17% shareholding in the New Zealand Refining and a 25% shareholding in Loyalty New Zealand in April this year.

The funds would be used to repay bank debt that helped finance the transaction.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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.

Related News:

VCT - Operational performance for the year ended 30 June 2024
Challenge to banks the way to go
Bigger returns or lower risk?
NPH - Director Appointment
July 19th Morning Report
Wellington International Airport Ltd (“WIA040”) - Maturity
Devon Funds Morning Note - 18 July 2024
CNU - Commerce Commission releases draft Price Quality decision
Precinct FY24 Annual Results and Webcast Details
Scott Technology appoints new CEO