Sharechat Logo

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

Monday 17th May 2021

Text too small?

Precinct Properties New Zealand Limited has announced an offer of up to NZ$100,000,000 (with the ability to accept up to an additional NZ$50,000,000 in oversubscriptions at Precinct’s discretion) of secured, unsubordinated, fixed rate six year green bonds (Green Bonds) to institutional investors and New Zealand retail investors.

The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities.

The indicative margin range for the Green Bonds is 1.45% to 1.60% per annum over the underlying swap rate, subject to a minimum interest rate of 2.85% per annum. The margin and interest rate is expected to be set on 21 May 2021 following a bookbuild process and will be announced by Precinct via NZX shortly thereafter.

The Green Bonds are expected to be quoted on the NZX Debt Market.

Please see the links below for details

Precinct launches retail green bond offer

Indicative Terms Sheet

Green Bond Presentation

Source: Precinct Properties New Zealand Limited

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZME celebrates significant digital subscription milestone
GSH - Acquisition of Viaduct venue
DGL - Delisting from the Main Board of NZX Limited
KPG Annual Meeting 2022 presentation and address
NZL - Completion of Retail Bookbuild
ArborGen Announces Board Change
Oceania announces $500m sustainability-linked loan
MFB - Nomination of Cecilia Robinson
29th June 2022 Morning Report
GSH Appointment of new Chairman