Z issues $135M in seven year bonds

Tue, 17 Jul 2012

July 17 (BusinessDesk) - Z Energy is to issue $135 million of senior, secured seven year corporate bonds, some $35 million above the $100 million sought, but below the upper limit for acceptances of $150 million. The issue, which will occur formally tomorrow, is fixed at 6.5 percent annually, maturing Nov. 15 2019. The entire issue was filled by participants in a bookbuild, with no bonds to be offered in a public pool. The issue takes total Z Energy bonds listed on the NZDX to $432 million. (BusinessDesk)

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