Arvida launches seven-year retail bond offer

On 9 February, Arvida Group launched a new seven-year, NZ$75-125 million (US$51.2-90.3 million), retail bond. Indicative price guidance for the forthcoming deal, which is expected to price on 12 February, is 180-200 basis points area over mid-swap. ANZ is arranger and joint lead manager alongside Craigs Investment Partners, Forsyth Barr and Jarden Securities.