By Lucy Craymer

WELLINGTON--Z Energy Ltd. said late Tuesday that its NZ$100 million ($79.1 million) fixed rate 7-year bond offer has been oversubscribed and that it will take an additional NZ$35 million of subscriptions.

It said the offer, which has no public pool, will be open until Aug. 10.

Z Energy is jointly owned by Infratil Ltd. (IFT.NZ) and the New Zealand Superannuation Fund. It purchased the New Zealand downstream assets of Royal Dutch Shell PLC (RDSA) in April 2010.

Write to Lucy Craymer at lucy.craymer@wsj.com

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