Photo: Summerset GroupRetirement village company Summerset Group is looking at raising up to $100 million through a seven-year, fixed-rate bond issue. Under the offer, Summerset will have the ability to accept up to $50 million of oversubscriptions. Summerset has previously had two successful issues - one in June 2017 and the other in September 2018. "Another bond issue allows Summerset to continue its strong, well-managed development growth while providing additional diversification of funding sources and tenor," chairman Rob Campbell said. Summerset has appointed ANZ Bank New Zealand Limited (ANZ) as its arranger, and ANZ, Craigs Investment Partners Ltd, Forsyth Barr Ltd and Jarden Securities Limited as the joint lead managers.

Source: Otago Daily Times August 31, 2020 02:15 UTC