Summerset Bond Offer - Offer Close

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

15 May 2025


SUMMERSET CLOSES ITS RETAIL BOND OFFER

Summerset Group Holdings Limited (Summerset) today announced that, following a successful
bookbuild, the issue size of its six year, fixed rate bond offer has been set at NZ$150 million. This
includes oversubscriptions of NZ$50 million.

All of the bonds have been allocated to the participants (or their clients) in the bookbuild process.
There was no public pool for the offer.

The Issue Margin for the bonds has been set at 1.95% per annum and the Interest Rate will be
announced later today along with the release of the Final Terms Sheet.

For further information please contact:

Joint Lead Managers

 
ENDS

For investor relations enquiries: For media enquiries:
Margaret Warrington Louise McDonald
Chief Financial Officer Senior Communications & Media Advisor
investor.relations@summerset.co.nz louise.mcdonald@summerset.co.nz
+64 4 894 7320 +64 21 246 3793


ABOUT SUMMERSET

• Summerset is one of the leading operators and developers of retirement villages in New
Zealand, with 40 villages completed or in development nationwide
• In addition, Summerset has seven proposed sites at Belmont (Auckland), Rotorua (Bay
of Plenty), Mission Hills (Napier), Masterton (Wairarapa), Otaihanga (Kāpiti Coast),
Rolleston (Christchurch), and Mosgiel (Dunedin)
• Summerset also has three villages in development (Cranbourne North, Chirnside Park
and Torquay) and four other properties in Victoria, Australia (Craigieburn, Drysdale,
Mernda and Oakleigh South)
• Summerset provides a range of living options and care services to more than 8,700
residents