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19/12/2018 — General
Trustpower ponders new bond

Trustpower Ltd (NZX: TPW) is considering making an offer of up to $NZ75 million, with the ability to accept up to $25 M of oversubscriptions of new fixed rate bonds to New Zealand institutional and retail investors in early February next year.

Trustpower has appointed ANZ Bank New Zealand Ltd as the arranger and a joint lead manager and Forsyth Barr Ltd and Westpac Banking Corporation joint lead managers.

The company said this week investors can register interest in the offer by contacting a joint lead manager or their financial advisor.

Trustpower said no money is currently being sought.

If Trustpower decides to offer the bonds, they are expected to be quoted on the NZX Debt Market.

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