TrustPower in bond offer

TrustPower is selling $125 million of fixed-rate bonds to the public in an offer which opened yesterday.

The offer comprises $75 million of five-year bonds paying 7.6 per cent per annum, and $50 million of seven-year bonds paying 8 per cent per annum.

TrustPower can accept oversubscriptions of up to $50 million.

The offer will be open until December 18.

- NZPA