Genesis Green Bond offer – books closed
Following the successful bookbuild process for its offer of 6-year fixed-rate unsecured, unsubordinated green bonds (Green Bonds), Genesis Energy Limited confirmed today that the offer has closed and NZ$125,000,000 of Green Bonds have been allocated to the participants (or their clients) in the bookbuild process. This includes oversubscriptions of NZ$50,000,000. There was no public pool for the offer.
The margin for the Green Bonds has been set at 1.05% per annum and the interest rate will be announced later today along with the release of the final terms sheet.
For further details investors can contact the Joint Lead Managers or their usual financial advice provider.
ENDS
For investor relations enquiries, please contact:
Tim McSweeney
GM Investor Relations & Market Risk
M: 027 200 5548
For media enquiries, please contact:
Chris Mirams
GM Communications & Media
M: 027 246 1221
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details