Sky TV mulls $100 mln retail bond offer

Mon, 17 Feb 2014

By Paul McBeth Feb. 18 (BusinessDesk) - Sky Network Television, the country’s dominant pay-TV operator, is mulling a retail bond offer to raise up to $100 million. The Auckland-based company is seeking preliminary indications of interest on what will probably be a seven-year unsecured, unsubordinated fixed rate bond, it said in a statement. Sky TV expects to release full details of the offer in the coming two weeks. ANZ Bank New Zealand has been appointed arranger, organising participant and joint lead manager, and Bank of New Zealand and...

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