- Release Date: 08/03/16 09:42
- Summary: GENERAL: GNE: Genesis Energy Limited Bond Offer
- Price Sensitive: No
- Download Document 2.17KB
GNE 08/03/2016 09:42 GENERAL PRICE SENSITIVE REL: 0942 HRS Genesis Energy Limited (NS) GENERAL: GNE: Genesis Energy Limited Bond Offer Genesis Energy Limited ("Genesis Energy") confirmed today that it is offering up to NZ$75 million (plus up to NZ$25 million of over-subscriptions) of 6 year fixed rate senior bonds to institutional investors and New Zealand retail investors. The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The notice required by the Financial Markets Conduct Regulations 2014 has been provided to NZX and is attached. The bonds are expected to be quoted on the NZX Debt Market. Full details of the bond issue are contained in the terms sheet which has been prepared for the offer and is also attached, as is a presentation on the bond offer. The bonds are expected to be assigned a long term credit rating of BBB+ by Standard and Poor's. The offer will open with an indicative margin range of 1.45 per cent to 1.60 per cent for the bonds, which mature on 18 March 2022. An announcement of the actual margin (which may be above or below the indicative margin range mentioned above) and the interest rate on the bonds will be made following the bookbuild process, expected to be on 14 March 2016. The terms sheet will be updated to include the interest rate and will be released on the same day. There is no public pool for the offer, with all of the bonds being reserved for clients of Deutsche Craigs, Westpac Banking Corporation (acting through its New Zealand branch) (as Joint Lead Managers), Forsyth Barr (as Co-Manager), NZX participants and other approved financial intermediaries. The offer will close on 14 March 2016 following the bookbuild process. Interested investors, including those holders of the existing Genesis Energy bonds that mature on 15 March 2016, should contact the Joint Lead Managers, the Co-Manager or their usual financial adviser for more details. For further information please contact: Deutsche Craigs 0800 226 263 Westpac 0800 942 822 Forsyth Barr 0800 367 227 ENDS End CA:00278934 For:GNE Type:GENERAL Time:2016-03-08 09:42:34
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Ann: GENERAL: GNE: Genesis Energy Limited Bond Offer
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