Kiwi Property has announced that the issue size of its 5.5-year fixed-rate senior secured green bond offer has been set at $125 million.
This includes oversubscriptions of $25m.
The interest rate for the green bonds has been set at 5.35% per annum.
There was no public pool for the offer, with all green bonds allocated to clients of the joint lead managers, NZX participants, and other approved financial intermediaries.
The green bonds are expected to be quoted on the NZX debt market under the ticker code KPG070 on December 20, 2024.
S&P Global Ratings has confirmed that the green bonds will be assigned an issue credit rating of BBB+ upon issue.
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