Warehouse Group plans $100 million sale of five-year bonds
Warehouse Group plans to raise $100 million by selling five-year bonds next month.
New Zealand’s largest retailer intends to use the proceeds for a number of general corporate purposes including redemption of existing debt, extending the term of its debt, or placing the funds on deposit. The monies may also be used for investments, acquiring new businesses or funding a return of capital, it said in a statement today.
In early January, Warehouse said sales over a nine week Christmas period had been flat, and that anticipated continued sales growth during that time didn’t materialize. Its management believe these results reflected the broad non-food retail sector overall.
The retailer anticipates that net profit to the six months ended January will be similar to last year’s $56.8 million, with final half year results to be announced in mid-March. Further information on the proposed bond offer will also be made at that time.
Craigs Investment Partners was appointed to manage the sale. Details of the interest rate payable haven’t been announced yet.
Businesswire.co.nz
Comments from our readers
No comments yet Add your comment:
Related News
Daily ShareChat: The Warehouse Group
Daily ShareChat: The Warehouse Group
Warehouse reiterates forecast for no growth in FY profit as 3rd-qtr sales slip
Warehouse get $100m bond offer away
Warehouse lures investors with 5-year bonds paying at least 7.3%, squeezing out public pool
Daily ShareChat: The Warehouse Group
Daily ShareChat: The Warehouse Group
Warehouse first half profit gains on year-earlier costs
Warehouse seeks $100 million in tradeable bond offer
Daily ShareChat: The Warehouse Group
NZX Annoucements for WHS
|
|
The Warehouse Group Limited Ordinary Shares
Current quote:
WHS $3.60
Quotes delayed 20 minutes
Price when article published: $3.78
Previous News
Sharemarket News By Email
Stock Quote
At a Glance
| NZX 50 Index |
3092.20 |
 |
9.70 |
| S&P/ASX 200 |
4532.70 |
 |
0.00 |
| Dow Jones Industrials |
10320.10 |
|
50.60 |
Comment & Analysis
|
“
The change in tone in global financial markets and websites in the past two weeks has been sudden and alarming and I must comment on the change.
As reluctant as I am to be swayed too much by emotion it seems the recent appearance of the “Hindenburg Omen‘ has the major American markets quite mesmerised and [...]
”
Wayne Lochore More »
|
 |
|
|
NZX 15 Index
NZX Announcements
|
