Thanks POSSUM. Z bonds will be tradable on the NZDX.
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Thanks POSSUM. Z bonds will be tradable on the NZDX.
Joshuatree yes they can be traded but unless you have large amounts it is not practical 7 I do not think they will ever trade at a Premium. Possibly okay if you are going to buy a 100 grands worth but then you have to find a large buyer
Still open so guess it hasn't been filled yet.
Closed oversubscribed. Shows how little I know.
ZEL010.NZX
ZEL
13/08/2012 15:45
LISTING
REL: 1545 HRS Z Energy Limited
LISTING: ZEL: Z Energy bond offer closes oversubscribed at $135 million
Z Energy Limited ('Z Energy') closed its retail bond offer on 10 August 2012,
having successfully raised $135 million (which includes $35 million in
oversubscriptions).
End CA:00225883 For:ZEL Type:LISTING Time:2012-08-13 15:45:14
ZEL030 new bonds (6.5%) trading now, @ 6.15%
Interesting to look back at this thread. I put a decent amount into ZEL030 in 2012 and am getting it paid back in a couple of weeks. Been a brilliant and safe investment. The comments on here at the time show how difficult it is to guess the market.
Beagle I hope you didn't lock in a mortgage at 7.25% for 7 years back then ! How wrong we all were. No one had an inkling we’d be where we are today
Strangely enough Beagle they did not contact me for reinvestment. Would have been a waste of time anyway as not interested in today´s interest rate environment. What we had in ZEL 030 was actually my 2 daughters´ money providing them with a steady income through their Uni years. I´m not a Bond guy myself but this suited their purpose perfectly. Now going into first homes !!!!
Z didn't offer a replacement bond for people to roll over to with this one.