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GMT Bond Issuer Limited intends to make a public bond offer

Monday, 11 November 2013

Goodman (NZ) Limited, the manager of Goodman Property Trust ("GMT"), has today announced that, continuing its programme of funding diversification, GMT Bond Issuer Limited (a wholly owned subsidiary of GMT) is considering making an offer of up to $75 million (with the ability to accept up to a further $25 million in oversubscriptions) of secured, unsubordinated retail bonds ("Goodman+Bonds").

Goodman+Bonds will be direct, secured, unsubordinated debt obligations of GMT Bond Issuer Limited and will be guaranteed by GMT. They will have a maturity date of 4 December 2020.

It is expected that full details of the offer will be released later this month and the offer will open in early December 2013.

No money is currently being sought and no applications for Goodman+Bonds will be accepted or money received unless the subscriber has received a simplified disclosure prospectus in respect of the Goodman+Bonds.

Bank of New Zealand and Deutsche Craigs Limited have been appointed as Joint Lead Managers, and Forsyth Barr Limited a Co-manager, for the proposed offer.

Application has been made to NZX Limited (“NZX”) for permission to quote the Bonds on the NZX Debt Market and all the requirements of NZX that can be complied with on or before the date of this announcement have been complied with. However, NZX accepts no responsibility for any statement contained herein.

John Dakin
Chief Executive Officer 
Goodman (NZ) Limited 
(09) 375 6063
(021) 321 541

Andy Eakin
Chief Financial Officer 
Goodman (NZ) Limited 
(09) 375 6077
(021) 305 316