Sharechat Logo

Marac sets rate for bond offer

Tuesday 17th June 2008

Text too small?
Marac Finance is considering making a bond offer to investors.

The board is considering making an offer of $125 million of first ranking, five-year, fixed rate secured bonds.

Forsyth Barr has been appointed arranger and organising participant, and Forsyth Barr and ANZ National Bank have been appointed joint lead managers.

The offer is expected to be underwritten up to $100 by Forsyth Barr Group and ANZ National Bank.

The interest rate payable on the Secured Bonds will be set following the closing of the Offer at the higher of either a minimum interest rate of 10.50% annually, or the aggregate of the prevailing five-year swap rate and the margin of 2.75%.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto
19th October 2021 Morning Report
PGG Wrightson Limited (NZX: PGW) Guidance Update
Vital Limited (NZX: VTL) Provides Update on PSN LMR
18th October 2021 Morning Report