News

Rates round-up: August 26

Sunday 26th of August 2012

State-owned national grid operator Transpower New Zealand has announced it will sell up to $300 million of bonds.

The offer is for $200 million of unsecured, unsubordinated bonds with up to $100 million of over-subscriptions; Transpower said the money would be used for working capital and to help fund its network upgrade.

There will be two tranches, with floating interest rate iss...

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