Property for Industry Limited Considers Bond Offer

PROPERTY FOR INDUSTRY LIMITED CONSIDERS BOND OFFER

Property for Industry Limited (PFI) is considering an offer of 5.5 year senior secured fixed rate bonds (Bonds) to New Zealand retail and institutional investors and Australian institutional investors.

It is expected that full details of the offer will be released in the week beginning 3 March 2025, when the offer is anticipated to open.

If PFI proceeds with the Bond offer, it will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The Bonds are expected to be quoted on the NZX Debt Market.

PFI has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) (Westpac) as Arranger and Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch), Craigs Investment Partners Limited and Forsyth Barr Limited, together with Westpac, as Joint Lead Managers in relation to the offer.

Investors can register their interest in the Bond offer with the Joint Lead Managers (details below) or a financial advice provider. Indications of interest will not involve an obligation or commitment of any kind. No money is currently being sought and applications for the Bonds cannot currently be made.

Arranger and Joint Lead Manager
- Westpac - Phone: 0800 772 142

Joint Lead Managers
- Commonwealth Bank of Australia - Phone: 0800 272 266
- Craigs Investment Partners Limited - Phone: 0800 272 442
- Forsyth Barr Limited - Phone: 0800 367 227

ENDS

ABOUT PFI & CONTACT
PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 90 properties is leased to around 124 tenants.
For further information please contact:
SIMON WOODHAMS
Chief Executive Officer
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Phone: +64 21 749 770
Email: [email protected]

CRAIG PEIRCE
Chief Finance and Operating Officer
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Phone: +64 21 248 6301
Email: [email protected]

Property for Industry Limited
Level 4, Hayman Kronfeld Building, 15 Galway Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
www.propertyforindustry.co.nz

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Announcement PDF