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BRIEF-Precinct Properties New Zealand updates on offer of convertible notes
August 25, 2017 / 6:50 AM / a month ago

BRIEF-Precinct Properties New Zealand updates on offer of convertible notes

Aug 25 (Reuters) - Precinct Properties New Zealand Ltd

* Announced an offer of up to $150 million of subordinated convertible notes convertible into ordinary shares of precinct

* Margin range above 4 year swap rate for notes is 2.25 pct to 2.45 pct p.a., subject to a minimum interest rate of 4.80 pct p.a.

* All figures in NZ$ Source text for Eikon: Further company coverage:

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