Kiwi Property's green bonds sell like hot cakes

Kiwi Property Group said the interest rate it will pay on its green bonds has been set at the minimum 2.85% and it will sell $150 million of them after the sale was heavily oversubscribed.The company had planned to sell at least $100m and had allowed for oversubscriptions of up to $50m.The coupon on the bonds, which will be listed on the NZX, was set after a bookbuilding, or auction, process among institutional investors.Kiwi lowered the indicative range on Wednesday to 1.25% to 1.35% over the swap rate from the original 1.35% to 1.5% after get...