Precinct green bond offer – books closed
OFFER
Fri, May 21 2021 01:47 pm
Precinct green bond offer – books closed
Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announces that, following a successful bookbuild process for its offer of six year secured, fixed rate green bonds (Green Bonds), the offer has closed and NZ$150,000,000 of Green Bonds (including oversubscriptions of $50,000,000) have been allocated to the participants (or their clients) in the bookbuild process. There was no public pool for the offer.
The issue margin for the Green Bonds has been set at 1.45% per annum and the interest rate will be announced later today alongside the release of the final terms sheet.
For further details investors can contact the Joint Lead Managers (details below) or their usual financial advisor.
Announcement PDF
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