Infratil follows Z exit with $150 mln bond offer as it targets Pacific Hydro

Wed, 30 Sep 2015

By Paul McBeth Oct. 1 (BusinessDesk) - Infratil, the Wellington-based infrastructure investor, has followed its exit from Z Energy with a bond issue to raise as much as $150 million as it looks to buy Australian renewable energy firm Pacific Hydro. The investment firm, managed by HRL Morrison & Co, is selling $100 million of eight-year infrastructure bonds paying annual interest of 5.25 percent, with oversubscriptions of up to $50 million, it said in a statement. The bond issue follows Infratil's sale of 20 percent Z Energy for $479.2 mil...

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