Quotation Notice - Precinct Properties NZ Ltd (“PCTHC")

QUOTATION NOTICE: NZX DEBT MARKET PRECINT PROPERTIES NEW ZEALAND LTD (“PCTHC”) NOTES

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

Security Code: PCTHC

ISIN: NZPCTDG003C2

Details of Issue: NZ $85 million subordinated, convertible notes


Offer Opening Date: Monday, 4 September 2023

Offer Closing Date:
Thursday, 7 September 2023 – Priority Offer
Friday, 8 September 2023 – General Offer

Maturity Date: Tuesday, 21 September 2027

Interest Rate: 7.53% per annum

Interest Payment Dates: 21 September, 21 December, 21 March, and 21 June of each year

Date of First Interest Payment: Thursday, 21 December 2023

First Interest Paid To: Holder on Record Date

Record Date: 10 calendar days before the relevant Interest Payment Date, or if that date is not a business day, the immediately preceding business day

Minimum Application Amount:
NZ$1,000 – for Priority Offer
NZ$5,000 – for General Offer

Minimum Holding: NZ$1,000

Minimum Transferable Amount: NZ$1,000

Face Value: NZ$1.00 per bond

Supervisor: The New Zealand Guardian Trust Company Limited

Joint Lead Managers:
Jarden Securities Limited as Lead Arranger and Joint Lead Manager

Craigs Investment Partners Limited and Forsyth Barr Limited as Joint Lead Managers

Trust Deed Dated:
Master Trust Deed dated 27 November 2014 (as amended from time to time) and Supplemental Trust Deed (2027 Notes) dated 25 August 2023 (as amended on 1 September 2023), and replacement Product Disclosure Statement dated 1 September 2023

Issue Date: Thursday, 21 September 2023

Registrar: Computershare Investor Services Limited (“RMLT”)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: Friday, 22 September 2023

Mark Peterson
Chief Executive Officer
NZX Limited

08 09 2023

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Announcement PDF