Kiwi Property considers bond offer

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 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.
Full details of the bond issue will be released prior to the offer opening, which is expected to be in
the week beginning 4 December 2017. Should the bond issue proceed, the bonds are expected
to be assigned an issue credit rating of BBB+ by S&P Global Ratings
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Kiwi Property has appointed Deutsche Craigs Limited and Westpac Banking Corporation
(ABN 33 007 457 141) (acting through its New Zealand branch) as Joint Lead Managers and Bank
of New Zealand and Forsyth Barr Limited as Co-Managers in relation to the bond offer.
Craigs Investment Partners Limited is the Organising Participant.
Investors can register their interest with the Joint Lead Managers or the Co-Managers (details
below). 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.
For further information please contact:
Joint Lead Managers
Deutsche Craigs Limited Westpac Banking Corporation (ABN 33 007 457 141)
0800 226 263 (acting through its New Zealand branch)
0800 942 822
Co-Managers
Bank of New Zealand Forsyth Barr Limited
0800 284 017 0800 367 227
> Ends
Contact us for further information
Gavin Parker
Chief Operating Officer
gavin.parker@kp.co.nz
+64 9 359 4012
Stuart Tabuteau
Chief Financial Officer
stuart.tabuteau@kp.co.nz
+64 9 359 4025

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Further information about S&P Global Ratings’ credit rating scale is available at www.standardandpoors.com.
A rating is not a recommendation by any rating organisation to buy, sell or hold Kiwi Property securities. The
rating is current as at the date of this announcement and may be subject to suspension, revision or
withdrawal at any time by S&P Global Ratings.

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About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock
Exchange and is a member of the S&P/NZX 15 Index. We’ve been around for more than 20
years and we proudly own and manage a $3.1 billion portfolio of real estate, comprising some
of New Zealand’s best shopping centres and prime office buildings. Our objective is to provide
investors with a reliable investment in New Zealand property by targeting superior risk-adjusted
returns over time through the ownership and active management of a diversified, high-quality
portfolio. S&P Global Ratings has assigned Kiwi Property a corporate credit rating of BBB (stable)
and an issue credit rating of BBB+ for each of its existing fixed rate senior secured bonds. Kiwi
Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website
kp.co.nz