Z Energy Says NZ$100 Million Bond Offer Oversubscribed, To Sell Extra NZ$35 Million
18 July 2012 - 10:01AM
Dow Jones News
By Lucy Craymer
WELLINGTON--Z Energy Ltd. said late Tuesday that its NZ$100
million ($79.1 million) fixed rate 7-year bond offer has been
oversubscribed and that it will take an additional NZ$35 million of
subscriptions.
It said the offer, which has no public pool, will be open until
Aug. 10.
Z Energy is jointly owned by Infratil Ltd. (IFT.NZ) and the New
Zealand Superannuation Fund. It purchased the New Zealand
downstream assets of Royal Dutch Shell PLC (RDSA) in April
2010.
Write to Lucy Craymer at lucy.craymer@wsj.com
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