Sky to offer 10-year bonds
Sky Network Television is considering making an offer of 10-year unsecured unsubordinated bonds with a re-settable interest rate.
Tuesday, 29 August 2006
The company is looking to raise up to $200 million. "The proposed bond issue will provide Sky with long-term funding to repay the capital notes and retire some bank debt," Sky chief executive John Fellet says.
The proposed offer will consist of a priority pool of up to $105 million for holders of Sky's existing capital notes, firm allocations to NZX Firms and financial institutions and possibly a public pool.
It is proposed that the offer will open on September 20, and close for capital noteholders on October 3, and for other investors on October 12.
Sky intends to repay the existing capital notes on October 16 under the terms of the capital notes trust deed.
No money is currently being sought and no applications for bonds will be accepted or money received prior to investors receiving a copy of an investment statement in respect of the bonds.
Commenting is closed
Find a Rate
2 September 2015
2 July 2015
15 June 2015
4 May 2015
24 April 2015
Cash PIE Rates
Weekly Updates including news and commentary
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2015. Tarawera Publishing Ltd. All Rights Reserved.