Kiwi Property launches new seven-year domestic retail transaction
- Monday, 04 December 2017
On 4 December, Kiwi Property Group (Kiwi Property) (BBB/S&P) launched a new, NZ$75-125 million (US$51.5-85.8 million) seven-year domestic bond. The offer has an indicative margin range of 145 to 155 basis points over mid-swap with the final margin and interest rate to be set following a bookbuild, scheduled for 12 December. There will be no public pool for the offer, lead managers Deutsche Craigs and Westpac Institutional Bank add.
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