Debt investors unfazed by risks from Labour-Greens electricity proposal

Mon, 29 Apr 2013

April 29 (BusinessDesk) – Investors in New Zealand power company bonds say they’re unfazed by a proposal from the Labour and Greens parties to restructure the electricity market, which may lift the risk premium they demand to hold the debt. Infratil today re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased regulatory risk posed by the Labour and Green parties’ plan. The offer had been suspended last Wednesday pending the changes. “It really depends what happens...

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