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I see these are now trading at 8000...where they seem to have been somewhat settled. This is producing a gross return of 8.2% which is quite a handy yield. One interesting thing is since they are not heavily traded every now and then when the stars and moons colide you can put in a cheeky offer as someone did recently at 7610. These reset every year now so yield will no doubt drop down from 6.6% but when you consider Kiwi Bank is offering 5.88% on its recent bond offer..there is still good value in these Works (IMHO)
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