Kiwi Property to offer new green bonds

Kiwi Property has announced its intention to offer fixed-rate senior secured green bonds, known as Green Bonds.

The Green Bonds will have the same rights, privileges, limitations, and conditions as the company's existing green bonds maturing on September 27, 2029.

Kiwi Property said the Green Bonds are of the same class as the existing bonds for the purposes of the Financial Markets Conduct Act and Regulations.

The existing bonds have been continuously quoted on the NZX Debt Market and trading in them has not been suspended for more than five trading days in the past three months.

Kiwi Property said it is in compliance with its continuous disclosure and financial reporting obligations.

The company said there is no information that is required to be disclosed as "excluded information." ANZ Bank, Bank of New Zealand, Craigs Investment Partners, and Forsyth Barr are the arrangers and joint lead managers for the offer.