Precinct considers bond offer, lifts first-quarter dividend

Wed, 08 Nov 2017

By Sophie Boot Nov. 9 (BusinessDesk) - Precinct Properties New Zealand is considering a seven-year bond offer to repay bank debt. The listed commercial property investor says it is considering making an offer of secured, unsubordinated, fixed-rate seven-year bonds to institutional and New Zealand retail investors, with details to be released next week when the offer is expected to open. It has appointed ANZ, First NZ Capital and Forsyth Barr as joint lead managers and Hobson Wealth Partners as co-manager. "We believe this option is wel...

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