Kiwi Property to raise up to $125M in bond offer, ANZ NZ eyes local debt market

Kiwi Property to raise up to $125M in bond offer, ANZ NZ eyes local debt market
Paul McBeth
By Paul McBeth Aug. 23 (BusinessDesk) - Kiwi Property Group plans to raise as much as $125 million in a bond offer it put off in June after the UK's unexpected vote to quit the European Union left financial markets in turmoil, while ANZ Bank New Zealand is mulling a $200 million local debt issue. Auckland-based Kiwi Property is selling $75 million of seven-year fixed rate senior secured bonds with oversubscriptions of up to $50 million, it said in a statement. The bonds will pay a minimum annual interest rate of 4 percent, and have an ind...