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Oceania Healthcare Limited (NZX: OCA) Launches Secured Fixed Rate Bond Offer

Monday 30th August 2021

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Oceania Healthcare Limited today announced it is offering up to $75 million (with the ability to accept oversubscriptions of up to $25 million at Oceania’s discretion) of seven year secured fixed rate bonds (Bonds) to New Zealand institutional and 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 interest rate for the Bonds will be set on the rate set date as being equal to the swap rate plus the issue margin, subject to a minimum interest rate of 3.20% per annum. The indicative issue margin range for the Bonds is 1.45% to 1.60% per annum. An announcement of the actual margin and interest rate is expected to be made via NZX on 3 September 2021 following a bookbuild process.

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

Full details of the Bond offer are contained in the attached indicative terms sheet and at www.oceaniahealthcare.co.nz/investor-centre/bond-offer.

There is no public pool for the offer, with all the Bonds reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries. Interested investors should contact a Joint Lead Manager or their financial advice provider for more details.

The offer is expected to close on 3 September 2021.

Please see the links below for details

Oceania launches secured fixed rate bond offer

Indicative Terms Sheet

Presentation

Source: Oceania Healthcare Limited



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