Sharechat Logo

Goodman Fielder to make notes issue

Thursday 24th April 2003

Text too small?
Goodman Finance Limited intends to make an offer of capital notes to the public, however it has not yet announced what interest rates will be paid.

The issuer, Goodman Finance, is a wholly-owned subsidiary of Burns Philp.

The proceeds of the issue of the capital notes are intended to form part of the long term financing of the group and will replace part of the finance raised by the group to complete the acquisition of Goodman Fielder Limited.

The notes will be unsecured, subordinated, fixed rate, debt obligations of the issuer. They will be issues in two tranches - five year and eight year capital notes.

The interest rates will before the launch date.

Overall the group is looking to raise $175 million with up to $75 million in oversubscriptions.

First NZ Capital Securities has agreed to underwrite the issue up to $175 million.

The offer is expected to open in early May.

  General Finance Advertising    

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.

Related News:

KPMG says bank capital proposals will wreck havoc on dairy farmers
Mild weather saps Vector's June-qtr volumes
NZ dollar gains as dovish Fed comments point to 50-bps US cut
19th July 2019 Morning Report
RBNZ says no change in approach on Resolution Life's AMP purchase
MARKET CLOSE: NZX50 hits record as yield stocks remain in vogue
NZ dollar mixed after strong Australian employment data
Energy efficiency key to lowering cost of renewables push - EECA
Paper recycling costs rising 35% as export markets collapse
First Union leading rivals for biggest average pay claims, says bargaining firm

IRG See IRG research reports