Christchurch City Council company Christchurch City Holdings Ltd lodged the product disclosure statement on Thursday for a $150 million bond offer on Thursday – $100 million plus $50 million of oversubscriptions.
The council company’s chief financial officer, Leah Scales, said on Thursday S&P Global Ratings was expected to assign an A+ rating to the 5-year unsecured unsubordinated fixed-rate bonds.
The offer is expected to open on Monday 27 November, closing on 29 November. All the bonds are reserved for clients of the joint lead managers & other approved financial intermediaries. There’s no public pool.
Attribution: Company release.