Genesis Energy joins list of corporates lining up to sell bonds while rates are low

Wed, 02 Mar 2016

By Jonathan Underhill March 2 (BusinessDesk) - Genesis Energy plans to sell six-year bonds, joining a growing list of corporates selling debt while interest rates are low. The country's biggest electricity retailer said it would give details such as the amount and indicative margin before the offer opens next week. It has hired Deutsche Craigs and Westpac Banking Corp as joint lead managers. Genesis has $105 million of NZX debt market-listed bonds maturing on March 15, which carry a coupon of 7.65 percent. At the time they were issued...

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