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Goodman NZ's $250m retail bonds allocated

Trans-Tasman food manufacturer Goodman Fielder has placed all bonds in its $250 million New Zealand offer to brokers and institutional investors.The firm bids received in a recent bookbuild process exceeded the offer amount of $175 million of senior unsec

NZPA
Tue, 26 Oct 2010

Trans-Tasman food manufacturer Goodman Fielder has placed all bonds in its $250 million New Zealand offer to brokers and institutional investors.

The firm bids received in a recent bookbuild process exceeded the offer amount of $175 million of senior unsecured fixed rate bonds and a further $75 million in oversubscriptions.

There is no public pool under the offer, which opens today and is due to close on November 17.

The interest rate margin has been set at 2.80 percent per year, although the interest rate margin has not yet been set.

The money raised will be used to repay bank debt of the Goodman Fielder Group.

NZPA
Tue, 26 Oct 2010
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Goodman NZ's $250m retail bonds allocated
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