Kiwi Property raises $125mn, paying 4.00% over 7 years

Wednesday 31st August 2016

Kiwi Property has raised a total of $125 million in a bond issue, paying a 4 percent coupon or interest rate to investors over seven years.

The issue was oversubscribed, with the company fully issuing the $50 million in bonds set aside to handle oversubscription.

The bonds will be issued on Sep. 7 2016 and mature on Sep 7. 2023.

Deutsche Craigs and Westpac were joint lead managers, with Bank of New Zealand a co-manager.

Shares in Kiwi Property were unchanged at $1.55 and have risen 14.8 percent since the start of the year.

BusinessDesk.co.nz

No comments yet

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: