Wellington, Feb 9 NZPA - Retailer The Warehouse Group is considering a bond offer of up to $100 million.

The Warehouse today said it intended using proceeds from the offer for general corporate purposes.

Those purposes may include redeeming existing debt, extending the tenor of the company's debt, placing funds on deposit, advancing monies to, or making an investment in, a member of the group, acquiring a new member of the group, or funding a return of capital.

The offer of five-year senior bonds to the New Zealand public was expected to open in late March.

Craigs Investment Partners had been appointed adviser for the potential offer.

Further information on the proposed offer is to be provided when The Warehouse's interim results are announced on March 12.