Property for Industry bond to pay 4.25%
By Gavin Evans Sept. 21 (BusinessDesk) - Property for Industry has fully utilised an over-subscription facility to issue $100 million of seven-year bonds. The bonds, which mature in October 2025, will pay interest of 4.25 percent – near the top end of an indicated range. Th...
Overseas investor rules cool house price expectations - Colliers
By Gavin Evans Sept. 21 (BusinessDesk) - Expectations for house price gains appear to have cooled ahead of tighter restrictions on foreign investors buying residential properties, Colliers International says. The firm’s latest quarterly survey shows a net 26 percent of resp...
Second CBL subsidiary sold
By Gavin Evans Sept. 21 (BusinessDesk) - The administrators of insurer CBL Corp have sold a second of the firm’s international subsidiaries. UK-based European Insurance Services has been sold to Phenix Holdings, Brendon Gibson and Neale Jackson of KordaMentha said. The t...
Michael Hill names new CEO; Taylor departing due to ill-health
By Gavin Evans Sept. 21 (BusinessDesk) - Michael Hill International has named the head of Specialty Fashion Group as its new chief executive. The jeweller said Daniel Bracken is to replace current chief executive Phil Taylor who is stepping down for health reasons. He will...
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