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IFT Infratil Ltd

10.19
-0.02 (-0.20%)
28 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Infratil Ltd ASX:IFT Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.02 -0.20% 10.19 10.10 10.35 10.34 10.13 10.20 1,159,470 09:50:00

Greenstone Energy Considers NZ$100 Million Bond Offering

13/07/2010 5:56am

Dow Jones News


Infratil (ASX:IFT)
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Greenstone Energy said Tuesday it may raise NZ$100 million ($71.2 million) through a bond offering to pay down debt.

The company, which is jointly owned by Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation Fund, said a final decision on a retail bond issue won't be made until the end of July, when documentation is expected to be finalized.

Greenstone Chief Executive Mike Bennetts said the issue would be used to repay bank debt.

On April 1, Greenstone purchased the New Zealand downstream assets of Royal Dutch Shell PLC (RDSA) for NZ$696.5 million, plus an adjustment for actual net working capital in excess of NZ$208 million.

-By Lucy Craymer, Dow Jones Newswires; 64-4-471-5990; lucy.craymer@dowjones.com

 
 

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