Summerset launches domestic seven-year deal

On 7 September, Summerset Group Holdings launched its NZ$100-150 million (US$67.1-100.6 million), seven-year domestic deal being offered to retail and institutional investors. The forthcoming deal has indicative price guidance of 200-220 basis points over mid swap, with the final margin to be announced on 11 September following a bookbuild. ANZ, Craigs Investment Partners, Forsyth Barr and Jarden Securities are joint lead managers.