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Australian firm raises $53.7M in unregistered bonds for land development in Victoria, targeting 20% returns.
Australian company Banner (Beveridge) Bonds Pty Ltd is raising AUD 53.67 million through bonds targeted at qualified wholesale investors.
The funds will finance land acquisition and development at two properties in Beveridge, Victoria.
Bonds have a 5-7 year term with a variable interest rate aiming for a 20% annual return.
The offering, not registered under U.S. securities laws, is restricted in the United States and expires on November 30, 2025.
Information is available via contact with Brett Macgillivray.
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La firma australiana recauda 53.7 millones de dólares en bonos no registrados para el desarrollo de tierras en Victoria, con el objetivo de obtener rendimientos del 20%.