Goodman Property Trust (GMT) is planning a further bond issue to raise up to $100 million.
The raising of the money would be done through GMT Bond Issuer Limited, a wholly owned subsidiary of GMT, which already has $150 million of bonds with a maturity of June 2015 listed on the NZX's debt market.
A statement said that GMT Bond Issuer was considering making an offer of up to $75 million (with the ability to accept up to a further $25 million in oversubscriptions) of secured, unsubordinated retail bonds with a maturity date of December 4, 2020.
The new bonds would be guaranteed by GMT.
It was expected that full details of the offer would be released later this month and the offer would open in early December 2013.
Bank of New Zealand and Deutsche Craigs Limited have been appointed as Joint Lead Managers, and Forsyth Barr Limited a Co-manager, for the proposed offer.
Application has been made to NZX Limited (“NZX”) for permission to quote the Bonds on the NZX debt Market.
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