Inaugural Green Bond lists on NZX Debt Market today

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28 June 2018

Inaugural Green Bond lists on NZX Debt Market today

NZX welcomes the first Green Bond to be listed on the NZX Debt Market today by Auckland
Council (AKC110).

The listing of today’s inaugural Green Bond in New Zealand supports the exchange’s strategic
commitment to grow our country’s environmental markets. Today’s listing by Auckland Council
is key milestone towards delivering on this commitment as NZX works with the boarder market
to develop New Zealand’s green market.

To celebrate today’s listing the exchange will commence planting a native New Zealand tree for
every $5 million of sustainable finance raised.

Auckland Council will list $200 million of unsubordinated, fixed rate bonds on the NZX Debt
Market today. The council intends to use proceeds from the offer to refinance existing debt used
to buy electric trains and equipment, and to help finance new ones.

Auckland Council Acting Group CFO Matthew Walker commented: “We are very happy with the
outcome and would like to thank investors for their continued support of Auckland Council.”

“The success of our first Green Bond issue shows that there is clearly a strong appetite in the
market for investments that have positive environmental outcomes, which is encouraging given
the amount of investment that has been earmarked for Auckland’s low-emission public transport
solutions.”

NZX Head of Issuer Relationships Joanna Lawn commented: “Environmental finance will play a
significant role in funding New Zealand’s infrastructure investment into the future, and Green
Bonds will play a major role in this.”

“This is an exciting milestone for Auckland Council, and fantastic to see a council raising funds
which are invested in assets that will have positive environmental and sustainable impact on the
broader Auckland region. On behalf of the team at NZX congratulations on today’s listing and
we look forward to working with the council to keep developing New Zealand’s environmental
finance market.”

For more information of Auckland Council’s Green Bond please see the link below:

https://www.aucklandcouncil.govt.nz/about-auckland-council/business-in-
auckland/Pages/investor-centre.aspx

For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com