New Zealand: Metlifecare sets margin for retail bond issue

Glen Sowry, outgoing chief executive of Metlifecare

Care home operator Metlifecare has set the indicative margin for its NZ$75m (US$47.8m) maiden offer of seven-year fixed rate retail bonds at 1.8% to 1.9% over the underlying swap rate, subject to a minimum interest rate of 3% per annum. The issue has the ability to accept oversubscriptions of up to an additional NZ$25m and…

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