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Monday, 08 February 2010 13:07 |
A trio of transactions from issuers in New Zealand’s power sector illustrates an awakening in the country’s power infrastructure spending, lead managers say. Retail deals from TrustPower (unrated) and Meridian Energy (Meridian) (BBB+) have both closed in the past two weeks, having raised a combined NZ$340 million (US$233.75 million), while Mighty River Power (Mighty River) (BBB+) added NZ$100 million in a rare institutional-only transaction settling on February 11.
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Last Updated on Monday, 08 February 2010 15:19 |
