Misc

St Laurence raises $30m in bond offer

Wellington investment group St Laurence's bond offer closed yesterday having raised $30 million.

Monday, July 04th 2005

St Laurence said the amount raised consisted of $29.09m in fixed rate bonds and $915,000 in floating rate bonds.

The interest rates have been set at 9.25 per cent on the fixed bonds and the same rate for the floating bonds until their firs reset date.

The original offer was for an amount up to $50m but St Laurence Property & Finance chief executive John Mallon said prevailing market conditions made it difficult for the company and its adviser, First NZ Capital, to predict what amount would be raised.

"In those circumstances, while we did not reach the total possible offer amount, we have raised a significant sum and we are comfortable with the result."

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Thursday, March 14th 2024

A better investment market

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[OPINION] Recessionary times

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Heartland Bank - Online	6.69
SBS FirstHome Combo	6.74
Wairarapa Building Society	6.95
Unity	6.99
Co-operative Bank - First Home Special	7.04
ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
TSB Special	7.24

Unity First Home Buyer special	6.45
Heartland Bank - Online	6.45
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ASB Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
Kiwibank Special	6.79
Co-operative Bank - Owner Occ	6.79
ANZ Special	6.79

ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
SBS Bank Special	6.55
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
Kainga Ora	6.99

SBS FirstHome Combo	6.19
AIA - Back My Build	6.19
ANZ Blueprint to Build	7.39
Credit Union Auckland	7.70
ICBC	7.85
Heartland Bank - Online	7.99
Pepper Money Essential	8.29
Co-operative Bank - Owner Occ	8.40
Co-operative Bank - Standard	8.40
First Credit Union Standard	8.50
Kiwibank	8.50