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Precinct Properties New Zealand Limited (NZX: PCT) Considers Retail Green Bond Offer

Monday 10th May 2021

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Precinct Properties New Zealand Limited is considering making an offer of secured, unsubordinated, fixed rate six year green bonds (Green Bonds) to institutional investors and New Zealand retail investors.

It is expected that full details of the offer will be released in the week beginning 17 May 2021, when the offer is expected to open.

Precinct has appointed ANZ Bank New Zealand Limited as Arranger and Green Bond Co-ordinator (ANZ) and ANZ, together with Bank of New Zealand, Forsyth Barr Limited and Jarden Securities Limited, as Joint Lead Managers in relation to the Green Bond offer. Investors can register their interest in the offer by contacting a Joint Lead Manager as detailed below, or their usual financial advisor. Indications of interest will not constitute an obligation or commitment of any kind.

No money is currently being sought and applications for the Green Bonds cannot currently be made. If Precinct offers the Green Bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The Green Bonds are expected to be quoted on the NZX Debt Market.

Please see the link below for details

Retail Green Bond Offer

Source: Precinct Properties New Zealand Limited



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