Rural LandCo raises $11m from instos after shortfall bookbuild
Funding is enough, with debt, to go unconditional on dairy farm acquisitions.
NZ Rural Land Co is buying this 366ha farm near Winton and another larger property near Invercargill.
Farm investment company NZ Rural Land Co has raised $11.4 million from institutions in the first stage of its rights issue, although it took two bites at the cherry to get the money.
In a statement to the NZX, the company said the proceeds were enough, combined with its debt facilities, to go
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