Kiwi Property Green Bond offer closed

Kiwi Property Group Limited (Kiwi Property) has closed its offer for its 5.5-year fixed-rate
senior secured green bonds (Green Bonds) following a successful bookbuild, with
NZ$125 million of Green Bonds (including oversubscriptions of NZ$25 million) allocated to
the participants and their clients.

The margin for the Green Bonds has been set at 1.70% per annum and the interest rate
will be announced later today, along with the release of the final terms sheet.

S&P Global Ratings
1
has confirmed the Green Bonds will be assigned an issue credit
rating of BBB+ upon issue. There was no public pool for the offer, with all Green Bonds
allocated to clients of the Joint Lead Managers, NZX Participants and other approved
financial intermediaries.

Investors can contact the Joint Lead Managers (details below) or their financial advisor
for more information.

Arranger, Green Bond Co-ordinator and Joint Lead Manager:
ANZ Bank New Zealand Limited
Phone: 0800 269 476

Joint Lead Managers:
Bank of New Zealand
Phone: 09 924 9602

Craigs Investment Partners Limited
Phone: 0800 272 442

Forsyth Barr Limited
Phone: 0800 367 227


ENDS



1
Further information about S&P Global Ratings’ credit rating scale is available at www.standardandpoors.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
ascribed to the bonds) may be subject to suspension, revision or withdrawal at any time by S&P Global Ratings.

NZX RELEASE
5 December 2024

Kiwi Property Green Bond offer closed

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For further information:
Fraser Gunn
Head of Corporate Finance and Investor Relations
fraser.gunn@kp.co.nz
+64 21 973 534

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 have been
around for over 30 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.
Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our
website, kp.co.nz