Summerset launches six-year retail bond offer

Monday, 27 February 2023

Disclosure type: launch
Issuer name: Summerset Group Holdings
Issuer rating: NR
Expected issue rating: NR
Announcement date: 27 February 2023
Expected pricing date: 2 March 2023
Arranger: ANZ
Lead managers: ANZ, Craigs Investment Partners, Forsyth Barr, Jarden Securities

Transaction type: senior bond
Indicative volume: Up to NZ$125 million (US$77.1 million), with maximum oversubscription of NZ$50 million
Maturity date: 9 March 2029
Coupon type: fixed, minimum 6.45%
Price guidance: 185-200bp/mid-swap