About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   sharetrader.co.nz  |   stockguru.co.nz
 
sharemarket
NZX 50 Index 3225.14 1.70
S&P/ASX 200 4818.10 3.90
Dow Jones Industrials 10611.80 44.50

Warehouse Group plans $100 million sale of five-year bonds

Tuesday 9th February 2010

Text too small?

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

Related News

Warehouse first half profit gains on year-earlier costs
Warehouse seeks $100 million in tradeable bond offer
Daily ShareChat: The Warehouse Group
Daily ShareChat: The Warehouse Group
Warehouse predicts flat first-half as Xmas fails to cheer
Warehouse braces for potential strikes during peak Christmas trading
Warehouse may look at capital management in 2010: Smith
Warehouse sales lag behind budget ahead of key Christmas trading season
Daily ShareChat: The Warehouse Group
Warehouse proves recession-proof with margin growth

Get quotes for The Warehouse Group Limited Ordinary Sha (WHS)
NZX Annoucements for WHS
12 Mar 2010 WAV/RULE: WHS: NZX Regulation- WHS - Waiver NZDX Listing Rule 11.1.1
12 Mar 2010 ADDRESS: WHS: 2010 Strategy Update Presentation
12 Mar 2010 ADDRESS: WHS: WHS Fixed Rate Bond Offer Roadshow Presentation
12 Mar 2010 GENERAL: WHS: The Warehouse Group Limited Bond Offer
12 Mar 2010 HALFYR: WHS: The Warehouse Group 2010 Interim Results Announcement
12 Mar 2010 ADDRESS: WHS: The Warehouse Group 2010 Interim Results Presentation
5 Mar 2010 GENERAL: WHS: Release Date - 2010 Interim Result
2 Mar 2010 RELINT: WHS: WHS - Staff Share Schemes
23 Feb 2010 GENERAL: WHS: THE WAREHOUSE GROUP - INVESTOR PRESENTATION SERIES
9 Feb 2010 GENERAL: WHS: The Warehouse Group Limited considers bond offer
5 Jan 2010 FORECAST: WHS: Trading Update

Printable version   Bookmark and Share
 
The Warehouse Group Limited Ordinary Shares

Current quote:
WHS $3.86 -6
Quotes delayed 20 minutes
Price when article published: $3.78

Previous News
Sharemarket News By Email
AM Update (daily) - View sample
News Alerts - View sample
After the Bell (daily) - View sample

More info - RSS feeds - Unsubscribe/Update

Stock Quote
Exchange:
Stock Code:
Don't know the stock code? Search by keyword:
Keyword:
At a Glance
NZX 50 Index 3225.14 1.70
S&P/ASX 200 4818.10 3.90
Dow Jones Industrials 10611.80 44.50
Comment & Analysis

Firstly me – on the 9th of February I received a call from the Endocrinology Department of Waikato Hospital asking how long it would take me to get to their clinic – when I hesitated to think, the specialist said “I mean today!” I turned up at the hospital to find the Doc himself standing [...]
Wayne Lochore  More »

Wayne Lochore
  forex centre
cfd centre
options centre
NZX 15 Index
AIA 1.97 0.03
APT 0.76 0.01
CEN 6.08 -0.05
FBU 8.15 0.04
FPH 3.28 -0.03
FRE 3.10 -0.01
GMT 1.02 0.00
IFT 1.67 0.01
KIP 1.02 0.00
NZO 1.57 0.00
RYM 2.07 -0.02
SKC 3.22 -0.03
SKT 5.09 0.03
TEL 2.24 -0.01
VCT 2.06 -0.01

More market prices »

NZX Announcements

© Copyright 2010 Tarawera Publishing Limited. All Rights Reserved.