Precinct green bond offer – interest rate set

OFFER
Fri, Apr 29 2022 01:51 pm

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announces that, following a successful bookbuild, the issue size of its six year secured, fixed rate green bond offer (Green Bonds) has been set at NZ$175,000,000. This includes oversubscriptions of NZ$50,000,000.

The interest rate for the Green Bonds has been set at 5.25% per annum. This reflects a margin of 1.30% per annum over the underlying swap rate. The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code PCT040.

All of the Green Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available.
The Green Bonds will be issued on 9 May 2022 and will mature on 9 May 2028.

A copy of the final terms sheet for the offer is attached.

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.


Announcement PDF


Markets News

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.

Synlait seeking help from major shareholder for $130m debt