News
Transpower launches $200m senior bond issue
Friday 18th of November 2011
The unsecured, unsubordinated bonds will have two maturities, four-year, floating-rate notes and seven-year, fixed-rate note.
Transpower said it expect the bonds will have a "AA-" credit rating from Standard & Poor's and "A1" from Moody's.
It expects to announce the issue margin on November 25 following a book-building process and expects to set the interest rate the same day.
The joint lead managers of the issue are ASB and ANZ banks. The minimum application is $5,000 and in multiples of $1,000 thereafter.
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