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Analysts mixed on Summerset’s debt jump

The company's net debt rose to just under $1.3b from $1.05b, and analysts want more disclosure on its hedging.

A render of Summerset's Boulcott village in Wellington.

A $220 million increase in Summerset’s net debt has elicited a mixed reaction from investment analysts, but the company said it is in line with expectations.

The NZX-listed retirement group’s net debt rose to $1.27 billion from $1.05b in the six months ended June.

An increase in debt for the

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Nicholas Pointon Wed, 23 Aug 2023
Contact the Writer: nicholas@nbr.co.nz
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Analysts mixed on Summerset’s debt jump
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