Powerco Ltd., founded in 1994 and headquartered in Wellington, New Zealand, is a leading energy distribution company dedicated to providing safe and reliable electricity and gas services to its customers. The company operates a vast network that spans across the North Island, ensuring efficient energy delivery to both residential and commercial clients.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PIFAU 2.36% 2030-08-06 NZDPowerco Ltd. | New Zealand | 2030-08-06 | 2.360 | 4.42 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Powerco has been an active participant in the bond market since 1996, with significant issuances that have bolstered its financial standing. Notably, in 2019, Powerco issued a NZD 200 million bond to fund infrastructure upgrades, reflecting its commitment to enhancing service reliability. Currently, its bonds offer competitive yields compared to industry averages, attracting interest from retail investors and providing a stable investment option. In recent news, Powerco's bonds have been underscored by a credit rating upgrade, enhancing their appeal amid fluctuating market conditions.