On 26 June, Genesis Energy (BBB+/S&P) completed the bookbuild process for its NZ$200-240 million (US$137.9-165.5 million) 30-year subordinated capital bond transaction. The interest rate has been set at 4.65 per cent, with a margin of 201 basis points over the swap benchmark. The final volume will be determined when the general offer closes on 9 July.

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