NZ Rural Land Co rights issue seeks $44m
Capital raise to pay down debt and fund more acquisitions.
Tim Hunter
Tue, 25 May 2021
Dairy farm owner NZ Rural Land Company is aiming to raise $44.3 million through a rights issue to pay down debt and finance more land acquisitions.
The announcement follows shareholder approval yesterday of land acquisitions totalling $122.7m, partially funded by Rabobank debt of $43m.
The
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Tim Hunter
Tue, 25 May 2021
Contact the Writer: thunter@nbr.co.nz
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NZ Rural Land Co rights issue seeks $44m
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