Summerset Bond Offer – Interest Rate Set

Summerset Group Holdings Limited
Level 27 Majestic Centre, 100 Willis St, Wellington
PO Box 5187, Wellington 6140
Phone: 04 894 7320 | Fax: 04 894 7319
Website: www.summerset.co.nz
NZX & ASX RELEASE
2 March 2023
SUMMERSET SETS INTEREST RATE FOR ITS RETAIL BOND OFFER
Summerset Group Holdings Limited (Summerset) today announced that it has set the Interest
Rate for its NZ$175 million six year fixed rate bond offer.
The Interest Rate for the bonds has been set at 6.59% per annum, being the Issue Margin of
1.85% per annum plus the Base Rate of 4.74% per annum.
The bonds will be issued on 9 March 2023 and will mature on 9 March 2029. The bonds are
expected to be quoted on the NZX Debt Market under the ticker code SUM040.
The full details of the offer will be contained in the Final Terms Sheet which will be released
via NZX.
For further information please contact:
Joint Lead Managers
Co-Manager
ENDS

For investor relations enquiries: For media enquiries:
Will Wright Louise McDonald
Chief Financial Officer Senior Communications Advisor
will.wright@summerset.co.nz louise.mcdonald@summerset.co.nz
021 490 251 021 246 3793




ABOUT SUMMERSET
 Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 38 villages completed or in development nationwide.
 In addition, Summerset has five proposed sites at Half Moon Bay (Auckland), Parnell
(Auckland), Rotorua (Bay of Plenty), Kelvin Grove (Palmerston North), and Masterton
(Wairarapa).
 Summerset also has seven properties in Victoria, Australia, bringing the total number of
sites to 50.
 Summerset provides a range of living options and care services to more than 7,400
residents.