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Thread: KPG 2029 Bonds

  1. #1
    Ignorant. Just ignorant.
    Join Date
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    Wrong Side of the Tracks
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    Default KPG 2029 Bonds

    From the Chris Lee summary:

    Kiwi Property Group (KPG) has announced that it plans to issue a new 6.5-year senior, secured green bond.

    Kiwi Property Group (KPG) owns and manages a property portfolio of $3.2bn with a high occupancy rate of 99.7%, and a weighted average lease term of 4.6 years.

    The secured bonds have a minimum interest rate of 6.00%.

    These bonds have an investment grade credit rating of BBB+.


    Any takers?

  2. #2
    Senior Member
    Join Date
    May 2007
    Location
    Auckland, , New Zealand.
    Posts
    804

    Default

    I glanced at them, but between having enough invested in KPG via shares, and not having a lot left in my cash holdings decided to give them a miss.
    Today my IFTHC bond payment came through and they are now paying 7.89%, so happy enough with that.

  3. #3
    Senior Member Lego_Man's Avatar
    Join Date
    Feb 2009
    Posts
    574

    Default

    Would much rather own KPG debt than equity.

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