Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

SkyCity Entertainment Group Announces Fixed Rate Bond Offer - Interest Rate Set

17 May 2021  |  13:53:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FIXED RATE BOND OFFER INTEREST RATE SET

SkyCity Entertainment Group announced that, following the bookbuild for the company's offer of 6-year, unsecured, unsubordinated, fixed rate bonds maturing on 21st May 2027, NZ$175m of bonds have been allocated to participants in the bookbuild process. There was no public pool for the offer. The interest rate for the bonds had been set at 3.02% per annum. This reflected an issue margin of 1.60% per annum over the underlying swap rate. The bonds were expected to be quoted on the NZX Debt Market under the ticker code SKC050. The net proceeds of the Offer will be used to reduce the drawings on the Company's bank facilities. The closing date of the Offer is 17th May 2021.

Please click here for full details

See more ASX300 News Announcements