Kiwi Property reduces bank debt facilities

NZX RELEASE
20 December 2017
Kiwi Property reduces bank debt facilities


Following the successful completion of Kiwi Property’s $125 million seven-year fixed-rate senior
secured bond offer, the Company has today cancelled $133 million of existing bank debt
facilities. The facilities with ANZ, BNZ, CBA and Westpac were due to expire in November 2018.
The cancellation of the bank debt facilities, combined with the bond offer, has increased the
Company’s weighted average debt maturity by 0.6 years to 3.9 years.
The Company’s debt maturity profile is shown in the following diagram.

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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
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 $2.9 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 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