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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?
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