Warehouse may offer $125M of 5-year fixed-rate bonds

Mon, 04 May 2015

By Tina Morrison May 4 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, may sell as much as $125 million of five-year bonds to refinance $100 million of bonds maturing next month, and for general corporate purposes. The Auckland-based retailer is considering offering $100 million of new unsecured, unsubordinated, fixed-rate bonds, with the ability to accept oversubscriptions for a further $25 million, in a general offer to retail and institutional investors and an exchange offer to holders of the maturing bonds, it...

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