On June 7, Peet (NR) announced the close of the issue of Series 1, Tranche 1 Peet senior-unsecured bonds. This follows the May 10 Australian Securities Exchange (ASX) announcement that it had completed the bookbuild, increasing the offer's volume as a result. Peet had planned to raise A$50-75 million (US$36.9-55.4 million) from the retail offer but following solid demand sanctioned an increase to A$100 million with an ability to raise more or less. The bonds are expected to settle on June 10.