Spark considers $150 million, seven-year retail bond offer

Tue, 17 Nov 2015

By Paul McBeth Nov. 17 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, may raise up to $150 million through a retail bond offer, joining a growing number corporates taking advantage of low interest rates to raise debt funding. The Auckland-based company's Spark Finance subsidiary plans to make an offer of up to $100 million unsecured, unsubordinated seven-year bonds to institutional and retail investors, with oversubscriptions of up to $50 million, it said in a statement. Full details of the offer wi...

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