Warehouse NZ$100 mln bond offer closes fully subscribed

Warehouse NZ$100 mln bond offer closes fully subscribed

The Warehouse's retail bond sells out at 7.37%

Discount retailer The Warehouse says its NZ$100 million unrated bond offer has closed fully subscribed.

The bonds will pay annual interest of 7.37%, being a margin of 2.15% over the benchmark swap rate of 5.22% today, April 28.

The bonds are scheduled to start trading on the NZX debt market on Thursday, April 29, the same day investors will be sent their statements of holding.

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