Z Energy mulls new retail bond offer

Sun, 24 Jun 2012

June 25 (BusinessDesk) - Locally owned downstream transport fuels supplier Z Energy is considering another retail bond offer after the success of previous offerings. No size or term is being given for the possible offer, which is likely to be timed for mid-July, said chief executive Mike Bennetts in a statement. "Any issue would likely be of senior, secured fixed rate bonds, with bondholders sharing the same security as Z's banks and existing bondholders, on an equal ranking basis." Z currently has a total of $297 million of retail bond deb...

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