Transpower update on potential retail bond offer

16 March 2020

On 28 February 2020, Transpower announced it was considering tapping its existing tranche of bonds due 6 March 2025 (quoted on the NZX Debt Market under the ticker code TRP050) and expected that full details of the offer would be released mid-March 2020.

Since that announcement, concerns about the COVID-19 virus’ impact on the global economy has resulted in significant financial market volatility.  As such, Transpower has decided to delay its plans at this stage but will continue to monitor market conditions.

For further information, please contact:

Deborah Gray, Corporate Communications Manager on 04 590 7631 or 021 624 170.