Kiwi Property to raise $200m to pay down debt
The company gave guidance for a $36.8m first-half profit.
NZX-listed Kiwi Property Group is doing a $180 million underwritten placement and a $20m retail offer to pay down bank debt.
Independent chair Mark Ford said new equity being sought through the offer would reduce Kiwi Property’s gearing at September 30 to 27.4%, down from 31% at March
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