New Zealand: Oceania Healthcare to sell seven-year bonds

In the wake of peer Summerset Group, Oceania Healthcare is planning to tap the bond markets with an up to NZ$125m (US$82m) deal. New Zealand’s third-largest residential aged care provider is looking to sell up to NZ$75m, with the ability to accept up to an additional NZ$50m in oversubscriptions, of seven-year secured fixed-rate bonds. Given…

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