Sky looks for $100M minimum

The company is planning to issue capital notes in New Zealand to raise a minimum of $100 million. Chairman, Tom Mockridge, says the money will provide useful additional sources of capital to assist with funding ongoing growth.

JB Were has been appointed lead manager and underwriter to the issue, but it's not yet known if there will be a public pool for the notes.

GPG recently took a $250 million notes issue to the market, paying 9%, but there was no public pool for the capital raising.

Brokers report there is keen interest in the market for good quality notes given current low interest rates.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Sky profit rises 16%
Daily ShareChat: Sky TV
Sky Network 1H profit climbs 19% as MYSKY start-up costs abate, sales grow
SkyCity profit surges 30% as debt buyback slashes interest costs; stocks gains
Sky City expects to make $70 million from sale of cinema businesses
Sky earnings forecast cut by AspectHuntley
Sky cuts losses, lifts sales
Sky goes from strength to strength
Sky picks up state TV channels
Seeing double on Sky TV