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| Fletcher Building to raise up to NZ$200 million with bond issue New Zealand's biggest construction firm, and the world's biggest laminates maker Fletcher Building Ltd is seeking to raise up to NZ$200 million ($106 million) through a debt issue. Fletcher said it would offer retail investors NZ$100 million in capital notes, maturing in May 2014 and May 2016, with the right to accept oversubscriptions of the same amount. The interest rate initially being offered is 9%. Fletcher Building Finance is issuing capital notes to raise money to fund the general business operations of the Fletcher Building Group, including the retirement of debt. The offer may remain open until 31 March 2009 or such earlier date that Fletcher Building may determine. write your comments about the article :: © 2008 Construction News :: home page |