News

Telecom's retail bondholders overwhelmingly approve split

Friday 30th of September 2011

Of those voting, 99.9% were in favour - holders of only 3,000 bonds voted against while holders of 435.4 million voted in favour.

For a vote of debt holders, Telecom managed a spectacular turnout of 80% of holders of the $541.7 million in bonds.

Last month, a lack of quorums meant PGG Wrightson had to adjourn its first meetings of debt holders to vote on its finance business being...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.