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Arvida Group Limited (NZX: ARV) Indicative Issue Margin for Retail Bond Offer

Tuesday 9th February 2021

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Further to the announcement by Arvida Group Limited of its offer of up to $75 million (with the ability to accept up to an additional $50 million in oversubscriptions at Arvida’s discretion) of 7 year secured fixed rate bonds maturing on 22 February 2028 (Bonds), Arvida has announced that the indicative issue margin range for the Bonds is 1.80% to 2.00% per annum over the underlying swap rate, subject to a minimum interest rate of 2.80% per annum.

The interest rate for the Bonds will be set following a bookbuild process, which is expected to be completed on 12 February 2021, and will be announced by Arvida via NZX shortly thereafter. The actual issue margin may be above or below the indicative issue margin range.

The offer opens today and is expected to close on 12 February 2021, following the bookbuild process, with the Bonds expected to be issued on 22 February 2021.

There is no public pool for the offer, with all of the Bonds being reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries.

Full details of the offer are contained in the Product Disclosure Statement (PDS) which is available through www.arvida.co.nz/investors/bonds or by contacting a Joint Lead Manager or your usual financial adviser, and must be obtained by investors before they decide to acquire any Bonds.

Please see the links below for details:

Indicative Issue Margin

Indicative Terms Sheet

Source: Arvida Group Limited



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