New Zealand: Metlifecare launches NZ$75m retail bond issue

Glen Sowry, outgoing chief executive of Metlifecare

Care home operator Metlifecare has launched its NZ$75m (US$47.8m) maiden offer of seven-year fixed rate retail bonds. An issue had been expected in the second half of the group’s financial year. On the conference call for its annual results at the end of August, chief financial officer Richard Thomson confirmed that he had completed the…

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