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.
BusinessDesk.co.nz
No comments yet
SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report