Telecom New Zealand has issued NZ$200m (US$163.9m) seven year notes in order to refinance its debt.
The domestic bonds mature in October 2019 and have a 5.25% coupon, the incumbent telco announced to the New Zealand stock exchange today. The notes will…
Telecom New Zealand has issued NZ$200m (US$163.9m) seven year notes in order to refinance its debt.
The domestic bonds mature in October 2019 and have a 5.25% coupon, the incumbent telco announced to the New Zealand stock exchange today. The notes will be issued to institutional investors.
“The proceeds of the notes will be used to refinance debt and for general corporate purposes,” said the statement.
TelecomFinance reported back in June that the operator had taken out a two and three year NZ$400m (US$316.6m) revolving credit facility with Westpac New Zealand for the same purposes.
The company’s share price was NZ$2.46 (US$2) at market close today.
