SYDNEY, Nov 17 (Reuters) - Australian property firm Stockland has launched at least A$100 million ($98 million) in a
new 10-year bond issue at 240 basis points over swap in exchange
for its existing June 2011 and May 2013 bonds, it said on
Wednesday.
The statement did not give indicative pricing for the notes it wishes to buy back.
Commonwealth Bank of Australia and Westpac Institutional Bank are jointly leading the offer due to price by Friday.
Stockland, rated A-minus by S&P, said it has no immediate refinancing requirements and seeks to extend its debt maturity profile.
(Reporting by Cecile Lefort)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) ($1=1.023 Australian Dollar) Keywords: STOCKLAND/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The statement did not give indicative pricing for the notes it wishes to buy back.
Commonwealth Bank of Australia and Westpac Institutional Bank are jointly leading the offer due to price by Friday.
Stockland, rated A-minus by S&P, said it has no immediate refinancing requirements and seeks to extend its debt maturity profile.
(Reporting by Cecile Lefort)
((cecile.lefort@reuters.com; +612-9373-1234; Reuters Messaging: cecile.lefort.reuters.com@reuters.net)) ($1=1.023 Australian Dollar) Keywords: STOCKLAND/BONDS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.