Property for Industry bond to pay 4.25%

Property for Industry has fully utilised an over-subscription facility to issue $100 million of seven-year bonds.

The bonds, which mature in October 2025, will pay interest of 4.25 percent – near the top end of an indicated range. The seven-year swap rate the bonds were priced against jumped this week as fears of a US-China trade war eased and stronger than expected local GDP data reduced the risks of a rate cut here.

Property for Industry issued the bonds to diversify its funding options and pay down some of its $389 million of bank debt. PFI’s banking facility current costs it about 4.9 percent a year.

(BusinessDesk)

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

IFT - Infratil Full Year Results for the year ended 31 March 2026
PEB - Advancing Medicare Coverage Goals; Cost Contained
TRU - TruScreen Completes Oversubscribed Placement
EROAD Continues Transformation, Reports FY26 Results
May 25th Morning Report
EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings