You are here >News on New Investments

News on New Investment

11

Mighty River Power has recently announced the issuance of two unsecured unsubordinated bond issues to raise $100,000,000.

The first was for a term of six years and raised $75,000,000 at a fixed coupon of 5.029%.

The second was for a term of ten years and raised $25,000,000 at a fixed coupon of 5.793%

Both tranches pay interest semi annually and offer a credit rating with Standard and Poors of BBB+.

The issue was offered to extend the company's duration on its existing debt portfolio.