KIPT manager mulls $125m bond offer

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Kiwi Property Management, manager of Kiwi Income Property Trust, is considering offering up to $100 million of fixed rate senior secured bonds, with the ability to accept up to $25 million in oversubscriptions.

Wednesday, June 25th 2014, 1:35PM

The offer is expected to open July and the bonds will likely have a seven-year maturity.

They will be offered only in New Zealand.

Preliminary indications of interest are being sought.

The joint lead managers of the offer are Deutsche Craigs, BNZ and Forsyth Barr.

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