Interest Rate Set
Investore Property Limited (Investore) has announced that following a successful bookbuild for its offer of 5 year senior secured fixed rate bonds (Bonds), the offer has closed and $125,000,000 million of Bonds will be issued under the offer.
The interest rate has been set at 4.00% per annum, which reflects a margin of 1.15% per annum over the underlying 5 year swap rate. The Bonds will be issued on 25 February 2022 and will mature on 25 February 2027. The Bonds are expected to be quoted on the NZX Debt Market on 28 February 2022 under the ticker code IPL030.
All of the Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available.
An updated terms sheet will be released shortly.
For further information please contact:
Arranger and Joint Lead Manager
Westpac: 0800 772 142
Joint Lead Managers
ANZ Bank New Zealand Limited: 0800 269 476
Forsyth Barr Limited: 0800 367 227
Jarden Securities Limited: 0800 005 678
Ends
For further information please contact:
Mike Allen, Chairman, Investore Property Limited
Mobile: 021 606 134 - Email: mike.allen@investoreproperty.co.nz
Philip Littlewood, Chief Executive Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 230 3026 - Email: philip.littlewood@strideproperty.co.nz
Fabio Pagano, Fund Manager, Stride Investment Management Limited as manager of Investore
Mobile: 027 406 6079 - Email: fabio.pagano@strideproperty.co.nz
Jennifer Whooley, Chief Financial Officer, Stride Investment Management Limited as manager of Investore
Mobile: 021 536 406 - Email: jennifer.whooley@strideproperty.co.nz
Louise Hill, General Manager Corporate Services, Stride Investment Management Limited as manager of Investore
Mobile: 0275 580 033- Email: louise.hill@strideproperty.co.nz
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