Villa World will become only the third Australian company to launch a simple corporate bond offering as part of a capital raising strategy to support its growth plans and maintain strong shareholder value.
The Company is seeking to raise around $50 million under the Simple Corporate Bond (SCB) offering launched today to institutions and retail clients of invited syndicated brokers.
Funds raised through the SCB will be used to grow the Company’s project inventory and take advantage of acquisition and joint venture opportunities in strategic east coast corridors.
The five-year bonds will have a floating interest rate that will be determined after the bookbuild, due to be completed on 29 March 2017.
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