Downer's NZ 2012 deal offers 8.75 per cent minimum
- Thursday, 28 May 2009
The three-year bond offering by Downer EDi (Downer) (BBB-) through its New Zealand subsidiary Works Finance (Works) which lodged a prospectus on May 27 will offer investors a minimum coupon of 8.75 per cent – making the deal the highest-paying senior transaction in the New Zealand market this year.
