Arvida to diversify funding, debt maturity with bond sale

Arvida to diversify funding, debt maturity with bond sale
Jenny Ruth
It's a sign of the times, perhaps, that retirement and aged care company Arvida is planning to sell up to $125 million of seven-year bonds and the offer will only be open for four days and investors won't know the interest rate until after they've bought them.Unless market conditions change drastically between now and Feb. 9, when the offer opens, Arvida can expect to be swamped with demand as would-be investors will be keen to grab a fixed-interest investment paying significantly more than is on offer from bank term deposits.The Ar...

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