Friday 29th April 2022 |
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Precinct Properties New Zealand Limited (Precinct) (NZX: PCT ) announces that, following a successful bookbuild, the issue size of its six year secured, fixed rate green bond offer (Green Bonds) has been set at NZ$175,000,000. This includes oversubscriptions of NZ$50,000,000.
The interest rate for the Green Bonds has been set at 5.25% per annum. This reflects a margin of 1.30% per annum over the underlying swap rate. The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code PCT040.
All of the Green Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available.
The Green Bonds will be issued on 9 May 2022 and will mature on 9 May 2028.
A copy of the final terms sheet for the offer is attached.
Arranger, Green Bond Co-ordinator and Joint Lead Manager
ANZ Bank New Zealand Limited
Phone: 0800 269 476
Joint Lead Managers
Craigs Investment Partners Limited
0800 226 263
Forsyth Barr Limited
0800 367 227
Jarden Securities Limited
0800 005 678
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