Transpower issues its first NZ deal for over three years [UPDATED]
- Tuesday, 11 November 2008
Transpower Finance (AA-/Aa2) will issue its NZ$50 million (US$29.14 million) 2019 bond on November 12 – the first time the New Zealand electricity transmission grid owner has issued in its home market since May 2005. The new deal priced at a tight 75 basis points over swap as it was initially sold as a six-month forward start issue in May.
