Brexit vote stalls council & Kiwi Property bond offers

Auckland Council decided yesterday, and Kiwi Property Group Ltd today, to defer the bond offers they announced last week because of the uncertainty following the Brexit vote in the UK.

The council said last Wednesday it was considering a retail bond issue of fixed-rate secured bonds to the public in New Zealand & institutional investors.

Kiwi Property said on Friday it was considering an issue of 7-year fixed-rate senior secured bonds to New Zealand institutional & retail investors, to be offered this week.

Earlier story:
27 June 2016: Kiwi Property to make bond offer this week

Attribution: Company & council releases.

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