Cash Converters plans note offer

Lender wants to raise up to $60 million to repay bank facilities, fund investment.

Cash Converters International (CCV) plans to raise $50 million to $60 million in an unsecured note offering by the end of the month to diversify its debt funding sources and increase the maturity profile of its debt position.

In a statement to the Australian Securities Exchange, the group said the indicative coupon for the offer was 7.95% per annum, payable semi-annually in arrears.

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