Fletcher Building has raised 10 billion yen ($150 million) in long-term debt, through a private placement of notes to Japanese institutional investors.
The notes have been issued for a term of 15 years.
Proceeds of the placement were used to repay existing borrowings drawn under Fletcher Building's principal bank facilities.
Chief financial officer, Bill Roest, says the issue further diversifies the company's debt funding sources and lengthens the duration of its debt portfolio.
