WEL Networks launches five-year domestic deal

On 29 June, WEL Networks launched a NZ$125-150 million (US$84.7-101.7 million) five-year domestic transaction. Indicative price guidance will be determined on or around 3 July, with the final margin to be announced following a bookbuild, scheduled for 9 July. The offer will open on 10 July and close on 27 July.