Misc

National Property Trust raises more cash

National Property Trust (NPT) has raised another $5.9 million to repay debt and boost cash reserves.

Monday, October 25th 2004

The Christchurch listed property trust raised the money from institutional investors from the issue of 6.7m units at 88 cents, a slight discount to Monday's closing price of 92c.

NPT is also planning to issue another 9m new units to pay for the $11.4m purchase of two buildings in New Plymouth and Auckland.

Executive chairman Paul Dallimore said there was good institutional demand for the 6.7m units that were issued yesterday.

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Property investors refocus on cash flow

Unity First Home Buyer special	3.95
SBS FirstHome Combo	4.19
ICBC	4.49
Kiwibank Special	4.49
Co-operative Bank - First Home Special	4.55
TSB Special	4.59
Kainga Ora	4.59
Unity Special	4.59
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65
ASB Bank	4.65

Kiwibank Special	4.89
ICBC	4.89
Kainga Ora	4.95
China Construction Bank	4.95
Unity Special	5.09
Nelson Building Society	5.09
Westpac Special	5.19
TSB Special	5.19
SBS Bank Special	5.19
BNZ - Std	5.19
ASB Bank	5.25

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
TSB Special	5.79
BNZ - Std	5.79
SBS Bank Special	5.79
Kiwibank Special	5.79
Co-operative Bank - Owner Occ	5.89
ASB Bank	5.89
AIA - Go Home Loans	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank Special	5.65
Kiwibank	5.65

Misc

National Property Trust raises more cash

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