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| 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 |
From Jun 2019 to Jun 2024
New Zealand gasoline station operator and oil refiner Z Energy Ltd. decided against proceeding with an additional bond issue because the timing was not right, the company said Friday.
The company indicated earlier this month that it was looking at issuing a new bond following the interest in its Aug. 15, 2018 bond but has now pulled the plan.
"We're very pleased with the strong investor support for Z Energy's current issue but, after looking carefully at the market, we have decided that the timing is not right for another offer of bonds," Z Energy Chief Executive Mike Bennetts.
Z Energy, which is jointly owned by Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation Fund, purchased the New Zealand downstream assets of Royal Dutch Shell PLC (RDSA) in April 2010 and is in the process of re-branding the stations.
--By Lucy Craymer, Dow Jones Newswires; 64-4-471-5990; lucy.craymer@dowjones.com
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