Scoop has an Ethical Paywall
Vector raises US$182 mln in bond sale to Americans
Vector raises US$182 mln in bond sale to Americans
Sept. 23 (BusinessDesk) – Vector Ltd., the gas and electricity distributor, raised US$182 million in a sale of unsecured notes to American investors.
The bonds will mature in 2022, and the company will use the proceeds to repay $250 million worth of debt maturing in April.
Chief executive Simon McKenzie said the pricing reflected the quality of Vector’s assets, earning potential and financial structure without giving details of the price.
The shares were unchanged at $2.24 in trading today.
(BusinessDesk)
Advertisement - scroll to continue reading
Advertisement - scroll to continue reading
Netsafe: Making A Splash With Online Safety: Netsafe Launches New Flagship Programme For Kids
NZGBC: Flood Resilience PhD Student Widi Auliagisni Named Future Thinker Of The Year 2024
Business Canterbury: European Free Trade Agreement A Game-changer For Canterbury
Business Canterbury: Urges Council To Cut Costs, Not Ambition For City
Wellington Airport: On Track For Net Zero Emissions By 2028
Landcare Research: ANZAC Gall Fly Release Promises Natural Solution To Weed Threat
