Precinct green bond offer - interest rate set

17 May 2021

NZX announcement - 21 May 2021

Precinct Properties New Zealand Limited (Precinct) (NZX: PCT) announces that, following a successful bookbuild, the issue size of its six year secured, fixed rate green bond offer has been set at NZ$150,000,000 (Green Bonds). This includes oversubscriptions of $50,000,000.

The interest rate for the Green Bonds has been set at 2.85% per annum. This reflects a margin of 1.45% per annum over the underlying swap rate. The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code PCT030.

All of the Green Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available.

The Green Bonds will be issued on 28 May 2021 and will mature on 28 May 2027. A copy of the final terms sheet for the offer is attached.