Genesis Power Limited, trading as Genesis Energy, has registered a prospectus and made an investment statement available for an issue of $225 million (plus up to $50million of oversubscriptions) of Capital Bonds.

The offer is for unsecured, subordinated, redeemable, cumulative interest bearing Capital Bonds.

The bonds have a maturity date of 15 July 2041 and the minimum interest rate will be no less than 8.5% p.a.

Genesis Energy is currently 100% owned by the Crown and has a credit rating of BBB+ (negative outlook) from Standard & Poor’s (“S&P”). To read more click here.