Greenstone Energy offers 7.35% rate on 6-year bonds

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

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

KMD completes Placement and Institutional Entitlement Offer
SML - North Island asset sale completed
RAD - Radius Care Expansion Continues with Care Home Acquisition
PFI - Property for Industry Limited Bond Offer Final Terms Sheet
April 1st Morning Report
FSF - Fonterra completes sale of Mainland Group to Lactalis
GNE - Resignation of Chief Financial Officer
PFI - Property for Industry Limited Launches Bond Offer
March 30th Morning Report
HGH Ltd Results for the 6 months ended 1 February 2026