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  1. #21
    ShareTrader Legend Beagle's Avatar
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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.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  2. #22
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    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.

  3. #23
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    Quote Originally Posted by Grimy View Post
    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.
    I am hoping for something around the same rate

  4. #24
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    Chris Lee guessing around 5.5%.
    GNE040 was 5.7%

  5. #25
    ShareTrader Legend Beagle's Avatar
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    If its around 5.5% I'll probably put my hand up for a few.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  6. #26
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    Yeah, I'll probably roll mine over to the new one.

  7. #27
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    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.

  8. #28
    ShareTrader Legend Beagle's Avatar
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    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.
    Last edited by Beagle; 29-05-2022 at 06:54 PM.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

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