HomeInfratil News2010TrustPower Senior Bond Issue public pool fully subscribed

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TrustPower Senior Bond Issue public pool fully subscribed

5 Oct 2010

TrustPower has decided that no oversubscriptions will be accepted in relation to the Senior Bond offer and no further applications outside of firm allocations will be accepted. As set out in the Prospectus, public pool applications have been accepted on a first come first served basis.

The offer in respect of the Senior Bonds was limited to $75,000,000 plus any oversubscriptions accepted by TrustPower. TrustPower is very pleased with the positive response to the offer and has already received applications through the public pool in excess of $5,000,000Together with firm allocations accepted from NZX participant firms and institutions of $70,000,000, this means that total applications accepted will be $75,000,000.

Applicants accepting a firm allocation from an NZX participant firm or approved financial intermediary must return a completed application form (with payment) to the office of that NZX participant firm or approved financial intermediary to enable forwarding to the Registrar before 5.00pm on the closing date (20 October 2010).

Allotment of the Senior Bonds will occur on Friday, 22 October 2010, with the bonds expected to commence trading on the NZDX on Wednesday, 27 October 2010.

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