NZ retail corporate market gets going as Sky ponders new issue

Sky Network Television (Sky) (NR) revealed on February 18 that it is considering a retail bond offering of up to NZ$100 million (US$83.6 million), with full details of the seven-year offer expected to be confirmed in the subsequent two weeks. This will likely be the first new corporate bond transaction the New Zealand market this year; on February 13 Contact Energy (Contact) (BBB) confirmed a replacement offer for its retail bonds maturing on May 15 this year.