Precinct Properties NZ Ltd allocated $125 million of 4-year convertible notes today at 4.8%/year, the minimum interest rate under the offer. It has another $25 million of notes available under its priority offer.
Today’s allocation included the maximum $25 million of oversubscriptions.
Minimum application amounts are $5000 under the general offer, which closes on Friday 22 September, and $1000 under the priority offer, to eligible NZ-resident Precinct retail shareholders, closing on Tuesday 19 September.
Today’s bookbuild setting the interest rate was for participants in the general offer.
27 August 2017: Precinct launches 4-year convertible notes
Attribution: Company release.