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Ryman Healthcare Limited (NZX: RYM) Offer Closed Announcement

Thursday 10th December 2020

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Ryman Healthcare Limited today announced that, following a successful bookbuild, the issue size of its 6 year fixed rate bond offer has been set at $150 million. This includes oversubscriptions of $50 million, being an oversubscription of 50%.

All of the bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available.

Ryman Chairman Dr David Kerr said he was very pleased with the strong support for Ryman’s inaugural retail bond issue. This is a key step for diversifying and extending the duration of our debt funding programme as we continue to grow and provide market leading retirement village and aged care facilities to New Zealanders and Australians.

The issue margin for the bonds has been set at 2.00% per annum and the interest rate for the bonds for the 6 year period has been set at 2.55% per annum.

The bonds will be issued on 18 December 2020 and will mature on 18 December 2026. The bonds are expected to be quoted on the NZX Debt Market under the ticker code RYM010.

See the links below for more details:

Ryman Offer Closed Announcement

Ryman - Final Terms Sheet - 10 December 2020

Source: Ryman Healthcare Limited



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