Precinct green bond offer – books closed

OFFER

Fri, Apr 29 2022 12:59 pm

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$175,000,000 of Green Bonds (including oversubscriptions of NZ$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 1.30% 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 adviser.

Arranger, Green Bond Co-ordinator and Joint Lead Manager
ANZ Bank New Zealand Limited
Phone: 0800 269 476

Joint Lead Managers
Craigs Investment Partners Limited
0800 226 263

Forsyth Barr Limited
0800 367 227

Jarden Securities Limited
0800 005 678

Ends

For further information, please contact:

Scott Pritchard
Chief Executive Officer
Mobile: +64 21 431 581
Email: [email protected]

George Crawford
Deputy Chief Executive Officer
Mobile: +64 21 384 014
Email: [email protected]

Richard Hilder
Chief Financial Officer
Mobile: +64 29 969 4770
Email: [email protected]

About Precinct (PCT)
Precinct is New Zealand’s only listed city centre specialist investing predominantly in premium and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns Auckland’s HSBC Tower, AON Centre, Jarden House, Deloitte Centre, 204 Quay Street, Mason Bros. Building, 12 Madden Street, 10 Madden Street, PwC Tower and Commercial Bay Retail; and Wellington’s AON Centre, NTT Tower, Central on Midland Park, No. 1 and No. 3 The Terrace, Mayfair House, Charles Fergusson Building, Defence House, Bowen House, Freyberg Building and 30 Waring Taylor Street. Precinct owns Generator NZ, New Zealand’s premier flexible office space provider. Generator currently offers 13,600 square metres of space across nine locations in Auckland and Wellington.