Sky TV plans Kiwi bond

00:28, Feb 18 2014

Sky Television plans to make a bond offer of up to $100 million to New Zealand investors.

The NZX-listed paid television network this morning announced it was seeking indications of interest on the proposed offer of the unsecured unsubordinated seven-year fixed-rate bonds.

ANZ has been appointed arranger, organising participant and is the joint lead manager of the offer.

Bank of New Zealand and Westpac have also been appointed joint lead managers.

Sky TV already has $200m in bonds listed on the New Zealand stockmarket, with a maturity date of October 16, 2016.

The company was paying interest of 3.62 per cent a year on its existing listed bonds.

Full details of the offer would be released within the next two weeks.

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Fairfax Media