Investore seeks up to $100M in six-year bond offer to repay bank debt

Sun, 04 Mar 2018

By Paul McBeth March 5 (BusinessDesk) - Investore Property is seeking up to $100 million through a six-year bond issue, which it will use to repay bank debt, diversifying the property investor's funding sources and extending the length of maturities. The Auckland-based company is offering up to $75 million of senior, secured, fixed-rate six-year bonds, and will accept oversubscriptions of up to $25 million, it said in a statement. No indicative margin has been set, although fellow listed real estate investor Goodman Property Trust sold 5...

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