Synlait Milk (NZE:SML, ASX:SM1) will redeem NZ$169 million of the NZ$180 million in outstanding bonds on Nov. 13, according to a Wednesday filing with the New Zealand and Australian bourses.
The dairy producer's shares were down more than 2% in recent Wednesday trade in New Zealand.
Price (AUD): $0.40, Change: $-0.0100, Percent Change: -2.44%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.