Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mighty River Power Successfully Prices New Wholesale Bond

Mighty River Power Successfully Prices New Wholesale Bond Issue

Mighty River Power today announced the successful pricing of a new wholesale bond issue in the domestic market.

The issue consists of $75 million of six year bonds and $25 million of 10 year bonds with fixed coupons of 5.029% and 5.793% respectively. The issue date of the bonds is 6 March 2012.


Mighty River Power’s Chief Financial Officer, William Meek, said these bonds were part of a refinancing programme and the proceeds would be used for general corporate purposes.


“The issue was taken up by a broad range of local institutional investors and we’re delighted with the continued support for Mighty River Power from the domestic debt market. The success of the bond issue will lengthen our debt maturity profile to more than 5 years following the Company’s repayment of its Retail Bond in May 2013,” said Mr Meek.


BNZ was the sole lead arranger for the bond issue.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news