|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, February 23rd, 3:51PM


Latest Headlines

PPCS to raise $75 mill

Dunedin-based meat co-operative PPCS has confirmed it will seek to raise up to $75 million in four year fixed rate secured bonds.

Tuesday, November 14th 2006, 10:06PM
The interest rate on the secured bond offer had been set at 10.25% per annum, payable quarterly, PPCS said today. The offer included of an offer by which holders of PPCS secured bonds maturing on July 15, 2007 could exchange their existing bonds for the new bonds on a one-for-one basis.

There was also a general offer open to all New Zealand resident investors, which would close on December 20.

Up to $5 million of oversubscriptions were available to satisfy excess demand from existing bondholders under the exchange offer, which would close on December 8.

About three-quarters of the offer had been allocated on a firm basis to NZX primary market participants and selected financial institutions.

For the year to the end of August, PPCS posted an annual net profit up 58% at $31.4m, including a one-off gain of $18m, on turnover of $2 billion.

« More finance company ratingsS&P announces new rating service »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and