Z Energy to sell up to $150m in seven-year bonds
The offer opens next Friday and is expected to remain open until August 5, unless extended by Z Energy.
The company says its offer gives New Zealand investors "an opportunity to invest in an emerging Kiwi brand, supported by 100 years of heritage and a track record of market-leading performance."
Z, a joint-venture between listed infrastructure investor Infratil and the government's New Zealand Superannuation Fund bought Shell's New Zealand petrol stations, 25% of Fly Buys and 17.1% of the listed New Zealand Refining Company for $696.5 million in April last year.
The bond issue, which will mature on August 15, 2018, will rank equally with last year's $147 million bond issue, which matures in October 2016, and with Z's banks.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)