HEADLINER NZX Market Report 8.6.26

  The progress of the NZX was closely watched today, after US markets shot backwards on Saturday NZ Time, with rising concerns over several factors (a) higher US jobs growth signalling a risk inflation will also rise (b) no end in sight for the Iran War (c) the...

Synlait making progress on loan replacement

Synlait Milk is progressing with discussions with existing and new lenders about the refinancing of its senior syndicated bank facilities (Senior Facilities) that mature on 30.6.26 and says it remains on track to complete that refinancing on that date. Discussions are...

Ryman making $100m+ bond offer

8.6.26 Ryman Healthcare is offering up to NZ$100m (with the ability to accept up to an additional NZ$50m of oversubscriptions at Ryman’s discretion) of 6 year fixed rate, secured, unsubordinated bonds maturing on 22.6.32 to institutional investors and New Zealand...

Meridian gets draft approval on storage

  Meridian Energy has welcomed the Fast-track Panel’s draft decision proposing the easing of access restrictions on Lake Pūkaki hydro storage for a three-year period. Meridian sought approval under the Fast-track Approvals Act to allow access to water stored...

Me Today China partner stepping up

Me Today Ltd advised NZX that its China partner has given notice to take its ownership in the Me Today China brand to 40%. As advised on 1 July 2024, Me Today signed a full suite of commercial agreements with a large Chinese Sports Nutrition Company. The licence...