WELLINGTON, June 25 New Zealand's Kiwi Income
Property Trust said on Wednesday it was considering offering up
to NZ$125 million ($108.26 million) in seven-year fixed rate
bonds next month.
The company said that it could comprise of an offer of
NZ$100 million in senior secured bonds, with the ability to
accept up to NZ$25 million in oversubscriptions. The bonds would
only be offered in New Zealand, it added.
Kiwi Income has a portfolio of around 12 central business
district office blocks and shopping malls worth about NZ$2.1
($1 = 1.1546 New Zealand Dollars)
(Reporting by Naomi Tajitsu; Editing by Alison Williams)