St Laurence offers capital notes

St Laurence has launched a $10 million capital notes offer to fund its growing lending, funds management and asset management business activities.

Wednesday, 1 November 2006

"This capital raising is part of St Laurence’s ongoing strategy to maintain and expand our position as one of New Zealand’s highest quality property investment and finance groups," St Laurence managing director Kevin Podmore says.

The offer will provide St Laurence with access to longer-term funds and further liquidity to enable continued growth in a controlled manner, he says.

Podmore says the company is currently seeing greater opportunities within the sectors St Laurence is involved in.

The minimum investment is $5,000, and then in multiples of $1,000.

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