Kiwi Property Lodges PDS for Green Bond Offer

Kiwi Property Group Limited has announced an offer of up to NZ$100 million of 6.5-year fixed-rate senior secured green bonds to institutional and New Zealand retail investors, with the ability to accept oversubscriptions of up to NZ$25 million at its discretion.

The Offer is expected to open on 14 March 2023 and close on 17 March 2023, with details of the Offer contained in a product disclosure statement.

The Green Bonds have a credit rating of BBB+ from S&P Global Ratings and are expected to be quoted on the NZX Debt Market.

The Offer is being made in accordance with the Financial Markets Conduct Act 2013 and is reserved for clients of the Joint Lead Managers, Primary Market Participants and other approved financial intermediaries.

Investors can register their interest by contacting a Joint Lead Manager or their usual financial advice provider.