Z Energy is 50 per cent owned by the Guardians of New Zealand Superannuation and 50 per cent owned by Infratil.
In 2010, Z Energy (at the time Greenstone Energy), successfully raised $147 million through its inaugural retail bond issue. In 2011, Z Energy issued its second retail bond with equal success, raising a further $150 million and in August 2012 a third issue successfully raised $135 million. The proceeds of all three bonds were used to repay bank debt. This did two things:
1. It provided extra funding flexibility, diversified our sources of funding and extended the duration of the company’s debt portfolio.
2. It made over 6000 Kiwis direct investors in Z.
Z Energy has a NZ$203 million term debt facility and a $350 million working capital facility with its banks which it draws on as required.
Z is committed to transparency in all of its operations, including its financial performance.
Here you will find all of Z’s results announcements, reports and investor-related presentations.
To help you keep up to date with the latest company news and financial performance, we produce several regular publications. You can read or download them here. If you’d like a hard copy, or for any investor related enquiries, please contact us.