St Laurence raises $50m

Property investment firm St Laurence Property and Finance has raised more than $50 million through its latest bond offer, which closed last Friday.

SLP&F said the money raised included over-subscriptions of $25 million.

The bonds have a fixed interest rate of 9.25 per cent and a maturity date of May 15, 2011.

They have been quoted on the stock exchange's debt market, the NZDX, since February 16.