Z Energy Limited (Z) is making an offer of unsubordinated, secured, fixed rate bonds of up to $350 million across two series of bonds*. There is a General Offer to New Zealand investors, as well as an Exchange Offer for New Zealand holders of Z's existing bonds maturing on 15 October 2016.
At least $250 million of bonds will be available in the General Offer. The interest rate applicable to each series of bonds will be:
There will be no public pool for the offer. Investors will only be able to obtain an allocation of bonds either via the Joint Lead Managers, Co-Managers, or their financial advisor, or if they are New Zealand holders of Z's bonds maturing on 15 October 2016.
The Exchange Offer is expected to close on 14 October 2016 and the General Offer is expected to close on 28 October 2016.
All applicants will need to complete the appropriate application form attached to or accompanying the terms sheet. To obtain a copy of the terms sheet please contact one of the Joint Lead Managers, Co-Managers or your usual financial advisor. A copy is also available to download in the below set of documents.
*The maximum issue amount in each series is $200 million.
This offer of unsubordinated, fixed rate bonds is only available to persons who are resident in New Zealand. In particular, this offer is not available to persons who are (a) in the United States, (b) US Persons (as defined in Regulation S under the United States Securities Act of 1933) or (c) acting for the account or benefit of a US Person. By accessing the Information on this website you represent, warrant and agree that you are resident in New Zealand, and you are not in the United States, a US Person or acting for the account or benefit of a US Person.
Here you can find all documents relating to the bond issue. If you have any questions, please contact your broker or financial advisor.