Quotation Notice: Precinct Properties Limited ("PCT040")

MEMO
Fri, Apr 29 2022 03:56 pm

QUOTATION NOTICE: NZX DEBT MARKET PRECINCT PROPERTIES NEW ZEALAND LIMITED (“PCT040”)

Company: Precinct Properties New Zealand Limited (“PCT”)

Security Code: PCT040

ISIN: NZPCTDT004C5

Details of Issue: An offer of NZ$175,000,000 of secured fixed rate green bonds.

Opening Date: Tuesday, 26 April 2022

Closing Date: Friday, 29 April 2022

Maturity Date: Tuesday, 9 May 2028

Interest Rate: 5.25% per annum

Interest Payment Dates: 9 May and 9 November in each year up to (and including) the Maturity Date.

Date of First Interest Payment: 9 November 2022

First Interest Paid To: Holders of Green Bonds as at the relevant Record Date

Record Date: 10 calendar days prior to the relevant payment date or, if that date is not a Business Day, the immediately preceding Business Day

Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter

Minimum Holding: $5,000

Minimum Transferable Amount: $1,000

Face Value: $1.00 per Green Bond

Supervisor: The New Zealand Guardian Trust Company Limited

Joint Lead Managers: ANZ Bank New Zealand Limited as Arranger, Green Bond Co-ordinator, and Joint Lead Manager

Craigs Investment Partners Limited, Forsyth Barr Limited, and Jarden Securities Limited as Joint Lead Managers

Trust Deed Dated: Master trust deed dated 27 November 2014 (as most recently amended and restated on 25 August 2017) and Supplemental Trust Deed dated [26 April 2022]

Issue Date: Monday, 9 May 2022

Registrar: Computershare Investor Services Limited (RMLT)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: Tuesday, 10 May 2022

Mark Peterson
Chief Executive Officer
NZX Limited

29 April 2022

Announcement PDF

Markets News

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Markets FREE
AFT Pharmaceuticals launches new range of online medicines in China
Ella Somers | Thu, 07 Jul 2022

The Chinese market for over-the-counter medicines is the world’s second-largest behind the US and was growing rapidly, the AFT Pharmaceuticals managing director said.

Markets FREE
Pushpay wins over Seattle archdiocese as new customer
Ella Somers | Thu, 07 Jul 2022

The church management software firm hasn't been distracted by the takeover talk. 

Markets FREE
NZ dollar hits two-year low
Staff reporters | Wed, 06 Jul 2022

The New Zealand dollar fell to 61.59 US cents at 5pm this evening – the lowest it has been since May 2020.

Climate change
Carbonz resumes trading with creators standing by their credibility
Ian Llewellyn | Wed, 06 Jul 2022

The creators of a voluntary carbon credit and platform to trade them stand by their product.

Markets
NZX bond trading hits record in June
Dan Brunskill | Wed, 06 Jul 2022

Investors sought refuge from volatile equity markets by buying bonds and ETFs in June.

Primary Sector
Synlait hikes milk price forecast as kiwi hits two-year low
Rebecca Howard | Wed, 06 Jul 2022

Synlait's new forecast brings it in line with Fonterra.

Markets
Supie faces fight for online grocery market share
Dan Brunskill | Wed, 06 Jul 2022

Unlike many start-ups, Supie has big competitors already expanding their services to defend against disruption. 

Markets
Vista facing short-term capacity bottlenecks on cloud rollout
Jenny Ruth | Wed, 06 Jul 2022

Longer-term, the cloud strategy is expected to lift per-site revenue by more than 2.5 times and fatten margins by about 40%.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Markets FREE
NZ shares start second half of the year more positively
Ella Somers | Mon, 04 Jul 2022

“The kiwi dollar is always going to be like a cork on the waves of global sentiment,” independent treasury adviser Peter Cavanaugh said.

Markets
SkyCity facing another probe at Aussie casino
Brent Melville | Mon, 04 Jul 2022

The fallout from Australian money laundering investigations into casino operators Crown and Star Entertainment has put SkyCity's Adelaide property in the regulatory cross-hairs.

Opinion
Walnuts, sledgehammers and sloppy paperwork
Jenny Ruth | Mon, 04 Jul 2022

Foreign fund managers are often careless about filing substantial shareholder notices but the available remedies have never been used. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

Markets market close
NZ stock market finishes first half of 2022 down 18%
Dan Brunskill | Fri, 01 Jul 2022

One analyst said market participants will be glad to see the back of the turbulent second quarter.

Property
Jasper opens secondary market, sets sights on Aussie
Brent Melville | Fri, 01 Jul 2022

Young property guns Jasper are taking their 'sharesies' style property investment model into a more marketable terrain.

Markets
NZ stocks lose $55 billion of value in six months
Dan Brunskill | Fri, 01 Jul 2022

Interest rates have skyrocketed in 2022 and sent share prices plunging. 

Markets FREE
Eroad shares fall to all-time low
Ella Somers | Thu, 30 Jun 2022

Fleet management company Eroad dropped 3.4% to $1.42 today – its lowest share price since 2016.

Climate change
Carbonz to resume trading after credibility questioned
Ian Llewellyn | Thu, 30 Jun 2022

After a troubled start, a new carbon trading platform says it will resume operations next week.

News in Brief
NZ King Salmon shuts down sale rumours
Staff reporters | Thu, 30 Jun 2022

The salmon farmer scotched rumours in Australian media it's up for sale.

Markets
BusinessDesk owner NZME hits 100,000 digital subscriptions
Oliver Lewis | Thu, 30 Jun 2022

The owner of BusinessDesk has hit a new high, with even more customers choosing to subscribe.

Energy
High power prices in NZ – what's the 'new normal'?
Ian Llewellyn | Thu, 30 Jun 2022

Indonesian coal prices are now one of the main drivers of wholesale electricity prices in NZ.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Infrastructure
Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.