It's announced a 1.2 billion dollar "Equity Raise" to help balance its sheets and keep capitalised for the short term.
One-billion-dollars in shares is being offered through investment banks, and a Share Purchase Plan worth 200-million-dollars is being offered to existing shareholders.
Herald Wellington business editor Hamish Rutherford says it's a massive amount - but there's some confidence it will work.
He says the investment banks have agreed to buy the shares themselves if they don't find buyers.
