PFI Considers Retail Bond Offer
NZX and media
announcement
—
27 October 2017
PFI CONSIDERS RETAIL BOND OFFER
Further to the announcement in August 2017, NZX listed industrial property landlord Property for Industry
Limited (PFI) is considering an offer of up to $75 million (with the ability to accept up to an additional
$25 million in oversubscriptions at PFI’s discretion) of senior secured fixed rate bonds, to institutional
and New Zealand retail investors. The bonds are expected to have a term to maturity of 7 years and the
proceeds are expected to be used to repay existing bank debt.
It is expected that full details of the offer will be released next week.
PFI has appointed Forsyth Barr Limited (Forsyth Barr) as Arranger, and Bank of New Zealand and
Deutsche Craigs Limited, together with Forsyth Barr, as Joint Lead Managers in relation to the offer.
Investors can register their interest by contacting a Joint Lead Manager as detailed below, or their
financial advisor. Indications of interest will not involve an obligation or commitment of any kind.
No money is currently being sought and no bonds can be applied for or acquired until the offer opens
and the investor has received a copy of the offer document in relation to the bonds. Any offer will be
made in accordance with the Financial Markets Conduct Act 2013. The bonds are expected to be quoted
on the NZX Debt Market.
Arranger and Joint Lead Manager
Forsyth Barr
Phone: 0800 367 227
Joint Lead Managers
Bank of New Zealand Deutsche Craigs
Phone: 0800 284 017 Phone: 0800 226 263
ENDS
ABOUT PFI & CONTACT
PFI is New Zealand’s only listed company specialising in industrial property. PFI’s portfolio of 92 properties located in Auckland,
Hamilton, Mount Maunganui, New Plymouth, Napier, Wellington, Nelson, Blenheim and Christchurch is leased to 148 tenants.
For further information please contact:
SIMON WOODHAMS CRAIG PEIRCE
General Manager Chief Financial Officer and Company Secretary
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Phone: +64 9 303 9652 Phone: +64 9 303 9651
Email: woodhams@pfi.co.nz Email: peirce@pfi.co.nz
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Property for Industry Limited
Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010
PO Box 1147, Shortland Street, Auckland 1140
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www.propertyforindustry.co.nz
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- KPG — Kiwi Property: Kiwi Property considers bond offer2017-11-29
“NZX RELEASE 29 November 2017 Kiwi Property considers bond offer Kiwi Property Group Limited (Kiwi Property) is considering an offer of seven-year fixed-rate senior secured bonds to institutional and New Zealand retail investors. The offer will be made pursuant to the Fin…”
- KPG — Kiwi Property: Bond offer2017-12-03
“NZX RELEASE 4 December 2017 Bond offer Kiwi Property Group Limited (Kiwi Property) confirmed today that it is offering up to $75 million (plus up to $50 million of over-subscriptions) of seven-year fixed-rate senior secured bonds maturing on 19 December 2024 to instituti…”
- PCT — Precinct Properties New Zealand Limited: Precinct considers retail bond offer2017-11-08
“Precinct Properties New Zealand Limited Head Office Wellington Office E hello@precinct.co.nz Level 12, 188 Quay Street, Auckland 1010 T 0800 400 599 Level 19, 157 Lambton Quay, Wellington T 0800 400 599 W ww…”