Villa World Limited ("Villa World") today announced the close of the issue of Series A, Tranche 1 Villa World Bonds (the “Bonds”) (the “Bond Offer”), raising a total of $50 million.
Villa World has also confirmed the allocation policy for the Bond Offer with 500,000 Bonds issued at A$100 each.
Villa World Managing Director and CEO, Mr. Craig Treasure commented on the Bond Offer.
“The Bond Offer will assist Villa World in diversifying its debt capital structure and supporting its growth objectives. The Bond Offer diversifies our debt profile, and extends the average maturity of our borrowings.
The Bond Offer (along with the Placement and SPP) will provide Villa World with additional financial capacity to replenish and increase land stocks through strategic purchases in optimal growth corridors, resulting in a ‘step change’ in the business."
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