Property for Industry Limited Considers Bond Offer
NZX and media
announcement
—
25 February 2025
Page 1
PROPERTY FOR INDUSTRY LIMITED
CONSIDERS BOND OFFER
Property for Industry Limited (
PFI
) is considering an offer of 5.5 year senior secured fixed rate bonds
(
Bonds
) to New Zealand retail and institutional investors and Australian institutional investors.
It is expected that full details of the offer will be released in the week beginning 3 March 2025, when
the offer is anticipated to open.
If PFI proceeds with the 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 Bonds
are expected to be quoted on the NZX Debt Market.
PFI has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New
Zealand branch) (
Westpac
) as Arranger and Commonwealth Bank of Australia (ABN 48 123 123 124)
(acting through its New Zealand branch), Craigs Investment Partners Limited and Forsyth Barr Limited,
together with Westpac, as Joint Lead Managers in relation to the offer.
Investors can register their interest in the Bond offer with the Joint Lead Managers (details below) or a
financial advice provider. Indications of interest will not involve an obligation or commitment of any
kind. No money is currently being sought and applications for the Bonds cannot currently be made.
Arranger and Joint Lead Manager
0800 772 142
Joint Lead Managers
0800 272 266 0800 272 442
0800 367 227
ENDS
NZX and media
announcement
—
25 February 2025
Page 2
ABOUT PFI & CONTACT
PFI is an NZX listed property vehicle specialising in industrial property. PFI’s nationwide portfolio of 90 properties is leased to
around 124 tenants.
For further information please contact:
SIMON WOODHAMS
Chief Executive Officer
----
Phone: +64 21 749 770
Email: woodhams@pfi.co.nz
CRAIG PEIRCE
Chief Finance and Operating Officer
----
Phone: +64 21 248 6301
Email: peirce@pfi.co.nz
----
Property for Industry Limited
Level 4, Hayman Kronfeld Building, 15 Galway 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 launches Green Bond offer2024-12-01
“Kiwi Property Group Limited (Kiwi Property) today announced it is offering up to NZ$100 million ( plus up to NZ$25 million of oversubscriptions at its discretion) of 5.5-year fixed- rate senior secured green bonds (Green Bonds) to institutional and New Zealand retail investors.…”
- KPG — Kiwi Property: Kiwi Property Green Bond offer closed2024-12-04
“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 participan…”
- KPG — Kiwi Property: Kiwi Property confirms Green Bond offer interest rate2024-12-05
“Kiwi Property Group Limited (Kiwi Property) today announced that the issue size of its 5.5-year fixed-rate senior secured green bond (Green Bonds) offer has been set at NZ$125 million, following a successful bookbuild process. This includes oversubscriptions of NZ$25 million.…”