Transpower launches new five-year retail bond offer
- Monday, 04 March 2019
On 4 March, Transpower New Zealand (Transpower) (AA-/Aa3) launched a new, NZ$100-150 million (US$68.3-102.4 million) five-year senior-unsecured transaction to institutional and New Zealand retail investors. The forthcoming deal has an indicative margin of 75-85 basis points over mid swap, with the final margin and interest rate to be determined following a bookbuild, on 7 March.
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