New Zealand: Summerset prices upsized retail issue

Aotea Village, Wellington

Summerset Group, New Zealand’s second-largest listed retirement village operator, has priced its upsized NZ$150m (US$100m) seven-year retail bonds at 2.3%. This is the company’s third such issue and the bond was upsized from NZ$100m. Summerset Chairman Rob Campbell said he was very pleased with the strong support for Summerset’s transaction and that Summerset has been…

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