On 1 July, Trustpower (NR) launched a NZ$100-125 million (US$67.2-84 million) senior-unsecured, seven-year deal to New Zealand institutional and retail investors. The forthcoming deal has an indicative margin range of 175-185 basis points over mid swap, with final margin and interest rate to be set on 5 July following a bookbuild. Deutsche Craigs and Forsyth Barr are joint lead managers.
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