Trustpower readies 10-year domestic deal
- Monday, 04 February 2019
On 4 February Trustpower (NR) revealed plans for a NZ$75-100 million (US$51.7-69 million) 10-year fixed-rate bond, targeted at New Zealand institutional and retail investors under same-class exemption.
The bonds will have an interest rate that will be fixed for the first five years and resets for a further period of five years. Full details of the offer will be released during the week beginning 11 February, when the offer is expected to open.
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