Summerset Group to sell $100m of six-year retail bonds

Tue, 30 May 2017

By Rebecca Howard May 30 (BusinessDesk) - Summerset Group announced a retail bond offer of $75 million with the ability to accept up to $25 million in over-subscriptions. The six-year fixed-rate bonds maturing July 11, 2023, have been offered to New Zealand institutional and retail investors, the retirement village operator said in a statement to the NZX. The offer is expected to open June 15 and close on July 6. The interest rate for the bonds will be determined by a bookbuild and is expected to be announced via the NZX on June 14. ...

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