Broadcaster Sky TV is seeking expressions of interest for $100 mln worth of fixed-rate bonds

Broadcaster Sky TV is seeking expressions of interest for $100 mln worth of fixed-rate bonds

NZX-listed broadcaster Sky Network Television says it's considering making an offer of up to $100 million of unsecured unsubordinated fixed rate bonds and is now seeking preliminary indications of interest.

A statement from Sky TV said the bonds were expected to have a seven year tenor. 

The arranger, organising participant and joint lead manager is ANZ, with other joint lead managers being BNZ and Westpac.

Sky already has $200 million worth of 10-year unsubordinated bonds due to expire in 2016, which are listed on the NZX's debt market.

The broadcaster said it expected full details of the new proposed offer would be released within the next two weeks.

No money is currently being sought.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.

Your access to our unique content is free - always has been. But ad revenues are diving so we need your direct support.

Become a supporter

Thanks, I'm already a supporter.