News

Powerco bucks trend in securing bank debt

Wednesday 8th of December 2010

It plans to use the $100 million five-year revolving cash facility provided by Westpac and ANZ Bank to redeem its $100 million in bonds maturing on March 29 next year.

A long line of other companies, such as Goodman Fielder, APN News & Media, TrustPower, Infratil and Greenstone Energy, have been lining up to sell bonds to retail investors to reduce their reliance on banks.

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