trending Market Intelligence /marketintelligence/en/news-insights/trending/i-92lui4pc4z_2su9cwrwq2 content esgSubNav
In This List

Goodman Property subsidiary launches NZ$75M senior bond offer

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Insight Weekly: Inflation eases; bank M&A slows; top companies boost market share

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet


Goodman Property subsidiary launches NZ$75M senior bond offer

Goodman Property Trust subsidiary GMT Bond Issuer Ltd. launched an offer for the issue of up to NZ$75 million 5.5-year fixed-rate senior secured bonds.

The bonds, which will mature Sept. 1, 2023, will have the same rights, privileges, limitations and conditions as GMT Bond's NZ$100 million senior secured bonds quoted on the NZX Debt Market.

The indicative issue margin range is 1.20% per year to 1.30% per year, subject to a minimum interest rate of 4.00% per year.

The offer is slated to close Feb. 23 following a bookbuild process and the bonds are expected to be issued March 1.

Deutsche Craigs Ltd., First NZ Capital Securities Ltd. and Westpac Banking Corp. are the joint lead managers for the offer.

Goodman Property Trust is a New Zealand-based industrial and business space provider.

As of Feb. 16, US$1 was equivalent to NZ$1.35.