Goodman eyes new retail bond ahead of maturity

Goodman eyes new retail bond ahead of maturity
Brent Melville
Goodman Property Trust will likely offer a new retail bond to replace a $100 million bond maturity in December to keep its bank funding available for other uses. Chief financial officer Andy Eakin told Goodman's annual meeting of unit holders that despite “ample capacity” to repay the $100 million from bank borrowings, the preference will be to issue non-bank debt to help retain liquidity within its banking facilities and to provide operational flexibility. The property investor has four bonds listed on the NZX - each $100 million - yield...

More Property

Anglicans get permission to demolish Parnell lodge
Property

Anglicans get permission to demolish Parnell lodge

The property is across the road from one of the most luxurious developments in NZ.

Property operator will negotiate with Italian restaurateur
Property

Property operator will negotiate with Italian restaurateur

Stride's CEO says the landlord won't be silly over a lease dispute with Portofino.

Maria Slade 03 Jul 2024
Death of Fiji plot accused leaves Karaka subdivision up in the air
Property

Death of Fiji plot accused leaves Karaka subdivision up in the air

Records for the project company are nowhere to be found after Ballu Khan's passing.

Maria Slade 03 Jul 2024
New home building consents down 23% year on year
Property

New home building consents down 23% year on year

The shift from stand-alone to multi-unit homes continues.

Staff reporters 02 Jul 2024