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NZ Rural Land Co rights issue seeks $44m

Capital raise to pay down debt and fund more acquisitions.

Tim Hunter Tue, 25 May 2021

Dairy farm owner NZ Rural Land Company is aiming to raise $44.3 million through a rights issue to pay down debt and finance more land acquisitions.

The announcement follows shareholder approval yesterday of land acquisitions totalling $122.7m, partially funded by Rabobank debt of $43m.

The

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Tim Hunter Tue, 25 May 2021
Contact the Writer: thunter@nbr.co.nz
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NZ Rural Land Co rights issue seeks $44m
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