New Zealand’s Warehouse Group started an offer of up to $100 million long 5-year fixed-rate retail bonds on Friday.
Details are:
Issuer: Warehouse Group
Amount: up to NZ$100m
Type: Unsecured, Unsubordinated
Issue Price: 100pct
Arranger and lead manager: Craigs Investment Partners
Minimum Interest Rate Set Date: 23 March 2010
Final Interest Rate Set Date: 28 April 2010
Maturity Date: 15 June 2015
Coupon will be paid semi-annually.
The bonds will be listed on the NZDX.
Co-managers are ANZ, BNZ, and Forsyth Bar.
The International Finance Corporation (IFC) has launched a new 5-year New Zealand dollar Kauri bond.
Joint lead managers for the deal are ANZ, Bank of New Zealand and TD Securities.
The transaction will be priced later in the week.
IFC is rated Aaa/AAA and is a member of the World Bank Group, headquartered in Washington, DC.