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.

Businesswire.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

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

PEB - Chair to Seek Re-Election; Director Nominations
Devon Funds Morning Note - 16 June 2025
TRU - Key Markets Update
THL receives unsolicited non-binding offer
June 16th Morning Report
CHATHAM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Radius Care Upgrades FY26 Outlook
June 13th Morning Report
June 12th Morning Report
PGW Governance Update