March 22 (Reuters) - Villa World Ltd (VLW) :
- Villa World announces capital management initiatives
- $20 million underwritten institutional placement of new ordinary shares at $2.25 per share
- Announces launch of an equity offer and a debt offer
- Villa World expects to maintain FY18 EPS at FY17 level
- Proceeds of equity offer and bond offer will give Villa World additional financial capacity to replenish and increase land stocks
- Co's shares are expected to remain in trading halt until 10.00am (Sydney time), 23 March 2017 while placement is conducted
- Is seeking to raise about $50 million under bond offer, by issuing 500,000 new unsecured debt securities with a face value of $100 per bond
News: VLW Villa World announces capital management initiatives
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