Fletcher Building has raised $US300 million in long-term debt through a private placement with US investors.
The placement has maturities of ten and twelve years. The proceeds have been used to repay borrowings drawn under Fletcher Building’s principal bank facilities.
In a statement to NZX, the building company says the funds raised have been swapped into Australian dollars in a mix of fixed and floating interest rates.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Weldon, Clear's former owners had 'battle of wills' after acquisition, witness says
- MARKET CLOSE: NZ shares drop, Tower and Air NZ fall, Kathmandu gains
- Auckland rent juggernaut kicks back into gear
- NZ dollar drops as June rate-cut bets fade, RBA to stick with inflation target
- Government lobbies investors for 26 new hotels
Most listened to
- Niall Ferguson rips into the TPP - and Trade Minister Todd McClay responds
- Why China is key to Vista's growth: CEO Murray Holdaway
- In his Editor’s Insight, Nevil Gibson examines the role of controversial biotech crops in an industry mega-takeover
- NBR's Rob Hosking "the election campaign has started"
- Publisher Philip Macalister discusses the increasing importance of mortgage brokers to banks