Oceania confirms up to $100m 7-year bond sale

Mon, 30 Aug 2021

Oceania Healthcare has confirmed it will offer up to $100 million of seven-year secured bonds and the minimum coupon will be 3.20%.The amount sought is $75m but Oceania may accept oversubscriptions of up to $25m.The actual coupon, which will be the seven-year swap rate, currently 1.78%, plus between 1.45 basis points and 1.6bp, depending on the outcome of an auction process with institutional investors.The outcome of that auction will be announced on Sept 3 but the bonds go on sale from today.Westpac's NZ branch is the arranger with ANZ Ban...

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