Precinct Properties New Zealand Limited logo

Precinct considers retail bond offer

Debt Issuance8 November 2017PCTReal Estate

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 www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267

NZX announcement – 9 November 2017

Precinct considers retail bond offer

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) is considering making an offer

of secured, unsubordinated, fixed rate 7 year bonds (Bonds) to institutional and New

Zealand retail investors.

It is expected that full details of the offer will be released in the week beginning 13

November 2017, when the offer is expected to open.

Precinct has appointed ANZ Bank New Zealand Limited (ANZ) as Arranger and ANZ,

together with First NZ Capital Securities Limited and Forsyth Barr Limited, as Joint Lead

Managers in relation to the Bond offer. Precinct has also appointed Hobson Wealth Partners

Limited as the Co-Manager in relation of the Bond offer.

Investors can register their interest in the offer by contacting a Joint Lead Manager or the

Co-Manager as detailed below, or their financial advisor. Indications of interest will not

constitute an obligation or commitment of any kind.

No money is currently being sought and applications for the Bonds cannot currently be

made. If Precinct offers the Bonds, the offer 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.

Arranger and Joint Lead Manager

ANZ New Zealand Limited


Phone: 0800 269 476

Joint Lead Managers

First NZ Capital Securities Limited Forsyth Barr Limited


Phone: 0800 005 678 Phone: 0800 367 227

Co-Manager

Hobson Wealth Partners Limited


Phone: 0800 742 737

Ends



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 www.precinct.co.nz PO Box 5140, Auckland 1141, New Zealand F +64 9 927 1655 PO Box 2, Wellington 6140, New Zealand F +64 4 494 2267


For further information, please contact:


Scott Pritchard George Crawford

Chief Executive Officer Chief Operating Officer

Office: +64 9 927 1640 Office: +64 9 927 1641

Mobile: +64 21 431 581 Mobile: +64 21 384 014

Email: scott.pritchard@precinct.co.nz Email: george.crawford@precinct.co.nz


Richard Hilder

Chief Financial Officer

Office: +64 9 927 1645

Mobile: +64 29 969 4770

Email: richard.hilder@precinct.co.nz



About Precinct (PCT)

Precinct is New Zealand’s only listed city centre specialist investing predominately in premium

and A-grade commercial office property. Listed on the NZX Main Board, PCT currently owns

15 New Zealand buildings – Auckland’s PwC Tower, AMP Centre, ANZ Centre, Zurich House,

HSBC House, Mason Brothers Building, 12 Madden Street and Commercial Bay; and

Wellington’s State Insurance Building, 157 Lambton Quay, No. 1 and No. 3 The Terrace, Pastoral

House, Mayfair House, Deloitte House and Bowen Campus.

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.

  • PFI — Property for Industry Limited: PFI Considers Retail Bond Offer
    2017-10-26

    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 abilit…”

  • KPG — Kiwi Property: Kiwi Property considers bond offer
    2017-11-29

    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 offer
    2017-12-03

    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…”