Kiwi Property considers Green Bond offer

NZX RELEASE
28 June 2021
Kiwi Property considers Green Bond offer


Kiwi Property Group Limited (NZX: KPG) is considering an offer of seven-year fixed-rate senior
secured green bonds (Green Bonds) to institutional and New Zealand retail investors.

Full details of the Green Bond offer will be released upon the offer opening, which is
expected to be in the week commencing 5 July 2021.
Kiwi Property has appointed ANZ Bank New Zealand Limited (ANZ) as Arranger and Green
Bond Co-ordinator. ANZ will also act as Joint Lead Manager of the Green Bond offer,
alongside Craigs Investment Partners Limited, Forsyth Barr Limited and Westpac Banking
Corporation (ABN 33 007 457 141) (acting through its New Zealand branch).

Investors can register their interest in the Green Bond offer by contacting any of the Joint
Lead Managers (details below), or their financial adviser. Indications of interest will not
constitute an obligation or commitment of any kind. No money is currently being sought and
applications for the Green Bonds cannot currently be made.

If Kiwi Property proceeds with the Green Bond offer, it 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 Green Bonds are expected to be quoted on the NZX
Debt Market and assigned an issue credit rating of BBB+ by S&P Global Ratings
1
.

Arranger, Green Bond Co-ordinator and Joint Lead Manager

Ph: 0800 269 476



Ph: 0800 226 263 Ph: 0800 367 227 Ph: 0800 772 142

ENDS

Note:
1. Further information about S&P Global Ratings’ credit rating scale is available at www.spglobal.com. A rating is not
a recommendation by any rating organisation to buy, sell or hold Kiwi Property securities. Kiwi Property’s corporate
credit rating is current as at the date of this announcement and (together with any rating assigned to the Green
Bonds) may be subject to suspension, revision or withdrawal at any time by S&P Global Ratings.

Joint Lead Managers

2
Contact us for further information:
Gavin Parker
Chief Financial Officer
gavin.parker@kp.co.nz
+64 9 359 4012

Campbell Hodgetts
Communications and Investor Relations Lead
campbell.hodgetts@kp.co.nz
+64 27 563 4985
About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand
Stock Exchange and is a member of the S&P/NZX 20 Index. We’ve been around for over 25
years and proudly own and manage a significant real estate portfolio, comprising some of
New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors
with a reliable investment in New Zealand property through the ownership and active
management of a diversified, high-quality portfolio. S&P Global Ratings has assigned Kiwi
Property an issuer credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its
fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company
within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of
benchmark and tradable indices for ESG (Environmental, Social and Governance) investors.
Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website kp.co.nz