Kiwi Property Group to raise up to $125 mln in bond offer

Sun, 03 Dec 2017

By Rebecca Howard Dec. 4 (BusinessDesk) - Kiwi Property Group wants to raise as much as $125 million selling seven-year bonds to repay bank loans and for general business use, joining the growing number of firms chasing cheaper capital through the listed debt market. The Auckland-based company wants to sell as much as $75 million of fixed-rate senior secured bonds to New Zealand institutional and retail investors and will accept oversubscriptions of up to $50 million, it said in a statement. The bonds will pay annual interest of at least...

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