TrustPower looks to raise as much as $125M in bond sale, roll over $75M of debt

Wed, 04 Jul 2012

By Paul McBeth July 4 (BusinessDesk) - TrustPower, the utility controlled by Infratil, wants to raise as much as $125 million of bonds and roll over existing debt to repay maturing bonds and for working capital. The electricity generator and retailer is considering a $75 million public bond offer, with the ability to accept a further $50 million in oversubscriptions, and will seek to roll over as much as $75 million of debt maturing in September, it said in a statement. The company is seeking early indications of interest before going ahead...

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