New Zealand: Ryman sets indicative margin for bond

Ryman Healthcare, New Zealand’s largest listed retirement village operator, has set indicative pricing for its up to NZ$150m (US$105.1m) six-year fixed-rate bond. The indicative issue margin range is 2% to 2.20% over the underlying swap rate, subject to a minimum interest rate of 2.5%. In September, Summerset priced its upsized NZ$150m (US$100m) seven-year retail bond…

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