https://www.directbroking.co.nz/Dire...spx?id=6018053
Terms of the new Mercury Bond issue 5.73%, not too bad for a bond. I put my hand up for a few and hope I get them.
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https://www.directbroking.co.nz/Dire...spx?id=6018053
Terms of the new Mercury Bond issue 5.73%, not too bad for a bond. I put my hand up for a few and hope I get them.
GNE040 Bond may be repaid/rolled over next month (9/6/22). Be interesting to see what new offer they come up with if it is.
Chris Lee guessing around 5.5%.
GNE040 was 5.7%
If its around 5.5% I'll probably put my hand up for a few.
Yeah, I'll probably roll mine over to the new one.
It appears there is no option to roll over the current bond due to timing.
I think Genesis will have annoyed a few current investors by doing this (me included).
Will just have to hope for some bargains to be around after the 9th June to spend my money on.
Terms are out for the new Green bond issue for Genesis. Minimum rate 5.35%. They are unsecured and rank behind more than $2 Billion in more secured debt. Looking at the overall structure of the balance sheet I prefer the extra 3% gross yield on the shares and will put my hand up for more of those instead.
P.S. Might get a few of these bonds too.