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:

TWL - Resignation of Chief Operating Officer
NZA - Funding arrangements following Board changes
August 9th Morning Report
August 8th Morning Report
BIF - Potential material valuation increase for the fund
Nominations open for Fonterra Board of Directors' Election
Heartland market update
TGG - Half Year Results 2022
GSH completes acquisition of Viaduct Venue
August 5th Morning Report