Friday 9th July 2004 |
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The notes were issued to partly fund ANZO's purchase of iconic Wellington office properties, the Mobil on the Park Building and the State Insurance Tower.
ANZO executive manager Rob Lang said he was "exceptionally pleased" that valid acceptances had been received for 93.1% of the offer.
"The very high takeup reflects the strong support the offering has received from existing and new investors. It is a very strong endorsement of both the purchases and the overall quality of ANZO," he said in a statement.
The underwriter, ABN AMRO Rothschild, had received strong demand from investors for the shortfall of 6,550,026 MCNs, and had allocated the full amount to a syndicate of sub-underwriters consisting of institutions and retail brokers.
The interest rate on the MCNs, being the greater of 8.5% or the applicable three-year swap rate plus a margin of 2.00%, will be determined and announced on July 13, with the MCNs expected to be allotted on July 14 and quoted and traded on the NZX from July 15.
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