New Zealand: Metlifecare prices 2026s at 3%

Glen Sowry, outgoing chief executive of Metlifecare

Care home operator Metlifecare has priced its NZ$100m (US$62.6m) maiden offer of seven-year fixed rate retail bonds at 3%. The issue had the ability to accept oversubscriptions of up to an additional NZ$25m which was used in full. The bonds priced at the tight end of guidance which was 1.8% to 1.9% over the underlying…

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