Arvida Group Limited (NZX: ARV) Retail Bond Offer Close and Interest Rate Set

Friday 12th February 2021

Arvida Group Limited today announced that, following a successful bookbuild, the issue size of its 7 year secured fixed rate bond offer has been set at $125 million (Bonds). This includes oversubscriptions of $50 million.

All of the Bonds have been allocated to participants in the bookbuild process. There was no public pool for the offer.

Arvida CEO Bill McDonald said he was very pleased with the broad support for the offer that culminated in strong demand being received for the company’s inaugural bond issue.

The issue margin for the Bonds has been set at 1.80% per annum and the interest rate for the Bonds has been set at 2.87% per annum. The Bonds will be issued on 22 February 2021 and will mature on 22 February 2028.

The Bonds are expected to be quoted on the NZX Debt Market under the ticker code ARV010.

The full details of the offer are contained in the final terms sheet which is attached and in Arvida’s Product Disclosure Statement (PDS). To obtain a free copy of the PDS for the Bonds, investors should contact one of the Joint Lead Managers listed below, or their usual financial adviser. A copy of the PDS is also available at www.arvida.co.nz/investors/bonds.

Please see the links below for details:

Retail Bond Offer Close and Interest Rate Set

Final Terms Sheet

Source: Arvida Group Limited

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