Trustpower to raise up to $125M in seven-year bond offer

Fri, 14 Nov 2014

By Paul McBeth Nov. 14 (BusinessDesk) - Trustpower, the power company controlled by Infratil, wants to raise up to $125 million in a seven-year bond offer, which it plans to refinance an upcoming bond maturity, and use the rest for general purposes. The Tauranga-based utility is considering an exchange offer and general offer to raise between $100 million and $125 million, selling bonds paying annual interest of 5.63 percent, it said in a statement. It expects the offer to open on Nov. 17, when it will release further information. "Tru...

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