Property for Industry Limited Bond Offer Interest Rate Set

OFFER
Thu, Mar 06 2025 01:22 pm

PROPERTY FOR INDUSTRY LIMITED BOND OFFER - INTEREST RATE SET

Property for Industry Limited (PFI) has set the Interest Rate for its $150,000,000 offer of 5.5 year senior secured fixed rate bonds (Bonds).

The Interest Rate for the Bonds has been set at 5.43% per annum. This reflects an Issue Margin of 1.65% per annum over the underlying Base Rate.

The Bonds will be issued on 13 March 2025 and will mature on 13 September 2030. The Bonds are expected to be quoted on the NZX Debt Market on 14 March 2025 under the ticker code PFI030.

A copy of the final terms sheet for the Bonds will be provided to NZX shortly and will also be available at www.pfibondoffer.co.nz.

For further details investors can contact one of the Joint Lead Managers (details below) or their usual financial adviser.

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 91 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


Announcement PDF


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