NZ’s biggest landlord pulls out over Brexit

  • Brexit has killed a big bond offer by New Zealand’s largest listed landlord.

    Last Friday, NZX-listed Kiwi Property Group, with $2.1 billion of real estate, announced it was “considering an offer of seven-year fixed rate senior secured bonds to New Zealand institutional and retail investors.”

    With the New Zealand property market running hot, that got many institutional investors interested and the market was poised for the next announcement, which would have laid out how much money was being raised and the terms and conditions.

READ MORE VIA NZHERALD

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Kiwi, which owns the Vero Centre, has ditched a bond offer after Brexit.

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