Genesis may raise up to $240M in capital bond offer, replacing old hybrid notes

Mon, 11 Jun 2018

By Paul McBeth June 11 (BusinessDesk) - Genesis Energy is considering a capital bond offer of up to $240 million which would replace $200 million of hybrid notes ahead of an interest rate reset on the securities in July. The Auckland-based electricity generator and retailer today said it may issue up to $200 million in a general offer of 30-year subordinated unsecured capital bonds to retail and institutional investors, and a further $40 million for existing holders of the company's listed capital bonds. If the offer goes ahead, Genesis s...

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