New Zealand: Ryman follows rivals into bond market

Ryman Healthcare, New Zealand’s largest listed retirement village operator, is to follow its rivals into the bond market. It intends to sell an up to NZ$150m (US$105.1m) six-year fixed-rate bond. In September, Summerset priced its upsized NZ$150m (US$100m) seven-year retail bond at 2.3% while Oceania priced its NZ$125m (US$82m) seven-year fixed-rate bond at the same…