Goodman Property offers to sell up to $100M of bonds to diversify funding

Sun, 18 Feb 2018

By Tina Morrison Feb. 19 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, is offering to sell as much as $100 million of bonds to further diversify its funding sources and reduce bank debt. Through its subsidiary GMT Bond Issuer Ltd, the trust is offering up to $75 million of 5 1/2 year bonds, with the ability to accept a further $25 million in oversubscriptions. The bonds would be listed on the NZX Debt Market with an expected investment grade credit rating of BBB+ from Standard & Poor...

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