20 Jul 2011

Z Energy considers another bond issue

10:24 am on 20 July 2011

Fuel retailer Z Energy considering another bond issue.

The company, owned by Infratil and the New Zealand Superannuation Fund, raised $150 million through an oversubscribed bond issue earlier this month.

It plans to use the money repay bank debt and lengthen out its debt repayment schedule.

Chief executive Mike Bennetts says that due to overwhelming demand the company is discussing the possibility of issuing a new bond maturing September 2019.