News

Transpower interest rate determined for six-year retail bond.

Following a successful bookbuild process for its bond offer, Transpower New Zealand Limited confirmed today that the offer of bonds due 4 September 2025 has closed — NZ$150 million has been allocated.

Transpower further update on six-year retail bond offer.

Transpower New Zealand Limited (Transpower) has announced today that it is offering unsecured, unsubordinated fixed rate bonds to New Zealand retail investors and to institutional investors.

Transpower has today announced its annual results for the 2019 financial year with a final dividend of $99 million, bringing total dividends for FY19 to $165 million.

Transpower’s listed bond (TRP020) will mature on Friday 6 September 2019. The principal repayment and final interest payment will be made on the maturity date.

Transpower New Zealand Limited is considering an offer of unsecured, unsubordinated fixed rate bonds to New Zealand retail investors and to institutional investors, subject to market conditions.

Transpower Chair Pip Dunphy has today announced the appointment of Richard Aitken, to the Board of the State-Owned Enterprise commencing 1 November 2019.

Gas trading on emsTradepoint jumped sharply last month to record levels as buyers moved to lock in future supply.

Transpower New Zealand today released its fourth quarter operational and financial performance results for the three months ended 30 June 2019.