Genesis Energy Limited has launched a Green Bond offer of up to NZ$125,000,000 with a 6-year fixed-rate, unsecured and unsubordinated term.
The offer is open to institutional investors and New Zealand retail investors and is expected to close on the 4th March 2022.
The interest rate is set to be equal to the base rate plus the margin, subject to a minimum interest rate of 4.00% per annum and the indicative margin range for the Green Bonds is 1.05% to 1.20% per annum.
The Green Bonds are expected to be quoted on the NZX Debt Market and will be assigned a BBB+ credit rating by S&P Global Ratings.
There is no public pool for the offer and copies of the indicative terms sheet and investor presentation are available online.
Investor and media enquiries should be directed to the GM Investor Relations & Market Risk and GM Communications & Media respectively.
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