Kiwi Property has successfully closed its offer for 5.5-year fixed-rate senior secured green bonds, raising $125 million.

The offer, which included oversubscriptions of $25m, was allocated to participants and their clients.

The margin for the green bonds has been set at 1.7% per annum, with the interest rate to be announced later today.

S&P Global Ratings has confirmed that the green bonds will receive an issue credit rating of BBB+ upon issuance.

There was no public pool for the offer, and all green bonds were allocated to clients of the joint lead managers, NZX participants, and other approved financial intermediaries.

See more