Sharechat Logo

Goodman Property Trust may sell $100M of bonds to diversify funding

Monday 11th November 2013

Text too small?

Goodman Property Trust, the country's biggest listed property investor by market value, is considering offering as much as $100 million of retail bonds to diversify its funding.

Goodman Property may offer $75 million of bonds with oversubscriptions of $25 million, the property trust's manager, Goodman (NZ), said in a statement. The bonds would mature Dec. 4, 2020.

Full details will be released later this month and the offer will open early December, the company said.

Bank of New Zealand and Deutsche Craigs have been appointed joint lead managers and Forsyth Barr is co-manager of the proposed offer.

Units in the property trust last traded at $1.03, and have gained 2 percent so far this year.

 

NOTE: please be advised to read full articles from Business Desk Website, you will have to pay a subscription fee on their website.

BusinessDesk.co.nz



  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:

Finzsoft blocked from quitting credit unions contract over Christmas
China Unveils Plan to Reduce Single-Use Plastic by 2025
20th January 2020 Morning Report
Rio Tinto reiterates Tiwai position as aluminium prices stay weak
TIL downgrades earnings by up to 40%, suspends first-half dividend
Govt accounts unexpectedly in the black as lumpiness continues
17th January 2020 Morning Report
Gentrack loses investor support with vague downgrade
Margin pressure continues at Michael Hill although sales rise
House prices hit fresh records as sales stepped up in December

IRG See IRG research reports