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The latest announcement is out from Summerset Group Holdings Limited ( (DE:20S) ).
Summerset Group Holdings Limited successfully closed its six-year fixed-rate retail bond offer, raising NZ$150 million, including NZ$50 million in oversubscriptions. The bonds were fully allocated through a bookbuild process, with no public pool available, and the issue margin was set at 1.95% per annum, indicating strong investor interest and confidence in Summerset’s financial stability.
More about Summerset Group Holdings Limited
Summerset Group Holdings Limited is a leading operator and developer of retirement villages in New Zealand, with 40 villages completed or in development nationwide. The company also has a presence in Victoria, Australia, with several properties in development. Summerset provides a range of living options and care services to over 8,700 residents.
For a thorough assessment of 20S stock, go to TipRanks’ Stock Analysis page.