Peet has just announced the launch of a new income offer: Peet Bonds. The first round of access is through a broker firm allocation, prior to shareholder offer and listing in December.
The Notes will pay a half yearly coupon at 7.5%pa and are due to mature 7th June 2021. The bond will be tradable on the ASX.
This issue will be used primarily to repurchase $50 Million Peet Convertible Notes due to mature in June.
For those not familiar with the Peet, they are one of Australia’s