Fijian Holdings Limited Sells Bonds To Finance FHL Towers

Fijian Holdings will diversify its funding sources and stretch out the duration of the repayment term, by issuing secured wholesale corporate bonds, which is a fancy way of asking for a loan.

Known as asset/liability management, the move indicates the group's view that the latest interest rates will likely increase in the face of rapid global inflationary outlook.

It would ap­pear Fijian Holdings aimed to raise as much cash at low interest rates, to counter rising interest costs, when it does rise in the future.

Story by: frederica.elbourne@fijisun.com.fj