St Laurence offer opens
St Laurence Property & Finance has opened its $25 million bond offer.
Thursday, 15 December 2005
The bonds have a minimum principal investment of $5000 and, thereafter, multiples of $1000, with interest to be paid quarterly.
SLP&F said it had reserved the right to accept over-subscriptions of up to an additional $25 million.
Chief executive John Mallon said proceeds from the bond offer would mainly be used to fund the group's property investments.
Earlier this year, the group raised $30 million through a bond issuance.
"We have decided to go back to the bond market to take advantage of market opportunities and to meet the current demand for investment product," Mallon said.
SLP&F has applied to list the bonds on the stock exchange's debt market, the NZDX.
First NZ Capital has underwritten the offer for $20 million.
SLP&F is a wholly-owned subsidiary of St Laurence Holdings Limited. The offer will close on March 31.
Commenting is closed
Find a Rate
27 January 2015
11 July 2014
10 July 2014
2 July 2014
25 June 2014
Cash PIE Rates
Weekly Updates including news and commentary
Disclaimer - Every possible effort has been made to keep the information in the tables and on this site as accurate as possible, however, neither the publisher, Tarawera Publishing, nor anyone engaged to compile the rates and this site accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details with providers. The full terms and conditions of this site can be found here.
© Copyright 1997-2015. Tarawera Publishing Ltd. All Rights Reserved.