Property for Industry Limited logo

PFI Considers Retail Bond Offer

Debt Issuance9 September 2018PFIReal Estate

NZX and media
announcement


10 September 2018



PFI CONSIDERS RETAIL BOND OFFER


NZX listed industrial property landlord Property for Industry Limited (PFI) is considering an offer of 7-

year senior secured fixed rate bonds (Bonds) to New Zealand institutional and 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.


It is expected that full details of the offer will be released in the week beginning 17 September 2018,

when the offer is anticipated to open.


PFI has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand

branch) (Westpac) as Arranger, and Deutsche Craigs Limited and Forsyth Barr Limited, together with

Westpac, as Joint Lead Managers in relation to the offer.


Investors can register their interest with the Joint Lead 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:


Arranger and Joint Lead Manager:


Phone: 0800 942 822


Joint Lead Managers:





Phone: 0800 226 263

Phone: 0800 367 227


ENDS





ABOUT PFI & CONTACT


PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 93 properties is leased to

146 tenants.


For further information please contact:


SIMON WOODHAMS CRAIG PEIRCE

General Manager Chief Financial Officer and Company Secretary

--- ---

Phone: +64 9 303 9652 Phone: +64 9 303 9651

Email: woodhams@pfi.co.nz Email: peirce@pfi.co.nz

---

Property for Industry Limited

Shed 24, Prince’s Wharf, 147 Quay Street, Auckland 1010

PO Box 1147, Shortland Street, Auckland 1140


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 offer
    2018-10-22

    NZX RELEASE 23 October 2018 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 would be made pursuant to the Fin…”

  • KPG — Kiwi Property: Bond offer
    2018-10-28

    NZX RELEASE 29 October 2018 Bond offer Kiwi Property Group Limited (Kiwi Property) confirmed today that it is offering up to $100 million (plus up to $25 million of oversubscriptions) of seven-year fixed-rate senior secured bonds maturing on 12 November 2025 to instituti…”

  • KPG — Kiwi Property: Bond offer – interest rate confirmed
    2018-11-02

    NZX RELEASE 2 November 2018 Bond offer – interest rate confirmed Following the successful bookbuild process for the bond offer, Kiwi Property Group Limited (Kiwi Property) confirmed today that the offer has closed and $100 million of bonds have been allocated to the part…”