Kiwi Income Property Trust’s offer of seven-year bonds has been oversubscribed.
Its manager, Kiwi Property Management Ltd, said the bookbuild for its fixed rate senior secured bonds was well received, and the whole offer amount of $100 million, plus $25 million in oversubscriptions, has been reserved for clients of the participants.
The interest rate has been set at 6.15%.
The offer opens today and closes August 1.
Investors will be paid interest semi-annually from the time their application money is banked...MORE»
Thursday, July 10th, 12:20PM
Mighty River Power has confirmed $300 million of unsecured subordinated capital bonds will be issued with an initial interest rate of 6.9% a year.
Wednesday, July 2nd, 10:47AM
Kiwi Property Management, the manager of Kiwi Income Property Trust, is to offer up to $100 million of seven-year fixed rate senior secured bonds, with the ability to accept up to $25 million in oversubscriptions.MORE»
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