Precinct Properties New Zealand Limited (NZX: PCT) Green Bond Offer Interest Rate Set

Precinct Properties New Zealand Limited announces that, following a successful bookbuild, the issue size of its six year secured, fixed rate green bond offer has been set at NZ$150,000,000 (Green Bonds). This includes oversubscriptions of $50,000,000.

The interest rate for the Green Bonds has been set at 2.85% per annum. This reflects a margin of 1.45% per annum over the underlying swap rate. The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code PCT030.

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 28 May 2021 and will mature on 28 May 2027.

Please see the links below for details

Precinct green bond offer – interest rate set

Green Bond Term Sheet

Source: Precinct Properties New Zealand Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

NZME 2025 Full Year Results Release Date
Turners Institutional Investor Day
February 10th Morning Report
PEB - Medicare Contractor Novitas Schedules Expert Panel
NZK Enters Into Wellboat Lease Agreement
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh
AIA - Analyst and media webcast for FY26 interim results
The Warehouse Group confirms leaner operating structure
SML - Synlait provides half year performance update