Meridian offers $150M in bonds as key Tiwai Point decision looms
By Pattrick Smellie Feb. 24 (BusinessDesk) - Meridian Energy is considering a retail offer of up to $150 million of unsecured, unsubordinated fixed rate bonds to institutional and retail investors in early March, which is shaping as a crucial month for decisions on the future...
Falling methanol and oil prices create challenges for Genesis Energy
By Pattrick Smellie Feb. 24 (BusinessDesk) - Genesis Energy faces declining earnings beyond the current financial year from its 31 percent share in the Kupe oil and gas field unless there's a turnaround in global oil and methanol prices or a lift from higher earnings or acquis...
Ruataniwha irrigation scheme promoter confirms preferred private investor close to selection
By Pattrick Smellie Feb. 24 (BusinessDesk) - A preferred private sector investor in the Ruataniwha water storage scheme is close to selection, says its primary backer, the Hawke's Bay Regional Investment Co. HBRIC confirmed media reports earlier in the week that suggested a...
Weaker dollar, high margins and plant availability deliver stonking result for NZ Refining
By Pattrick Smellie Feb. 24 (BusinessDesk) - Historically high refining margins, a weaker kiwi dollar and high plant reliability combined to give New Zealand Refining one of its best annual results on record. The operator of the country's only oil refinery produced a net pr...
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