2 May 2009

Vector seeks $150m in bond offer

2:58 pm on 2 May 2009

Auckland electricity lines company Vector is seeking to raise $150 million through a retail bond offer.

Chief executive Simon Mackenzie says the company wants to ensure it has appropriate levels of liquidity.

He says the issue is part of its debt management programme and the money raised will be used for general corporate purposes.

The offer, of five-year senior bonds, opens on Monday.