The Warehouse Group is offering up to $100 million in bonds to fund expansion and pay down debt.
The five-year, unsecured, unsubordinated fixed-rate bond issue coincides with an announcement about the retailer's strategic plan which includes five to eight new or replacement, mostly North Island-based, stores in the next five years.
It also aims to improve performance at its existing selling spaces.
Expansion would increase the retailer's total footprint by up to 26,000cu m.
Potential growth areas have been identified as apparel, footwear, jewellery, homeware, sporting goods and everyday needs, and it also has plans to enhance its online presence.
The bond offer opens on March 24 and closes on April 23, at an issue price of $1 and a minimum application of $5000.
They will be listed on the NZDX.
Craigs Investment Partners has been appointed lead manager.
