Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

KIP considering offer of fixed rate senior secured bonds

NZX RELEASE

25 June 2014

KIP considering offer of fixed rate senior secured bonds

Kiwi Property Management Limited, in its capacity as manager of Kiwi Income Property Trust (Issuer), is considering making an offer of up to $100 million of fixed rate senior secured bonds (Bonds), with the ability to accept up to $25 million of oversubscriptions.

The offer of Bonds is expected to open in July and it is expected the Bonds will have a seven-year maturity. The Bonds will only be offered in New Zealand, and no other country or jurisdiction.

The Issuer is seeking preliminary indications of interest. Should you wish to register your interest in the offer, you may do so by contacting one of the Joint Lead Managers to the offer (listed below) or your usual authorised financial adviser.

Deutsche Craigs Limited 0800 351 153

Bank of New Zealand 09 375 1391

Forsyth Barr Limited 0800 367 227

Indications of interest will not involve an obligation or commitment of any kind.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fund For PPP Plans: Govt Embraces Targeted Rates To Spur Urban Infrastructure

The government's latest response to the Auckland housing shortage will see central government and private sector firms invest in 'special purpose vehicles' to fund essential roading, water and drains that Auckland Council can't fund without threatening its credit rating. More>>

ALSO:

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO: