Goodman eyes new retail bond ahead of maturity

Wed, 22 Jul 2020

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...

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