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GMT Bond Issuer Limited intends to make bond offer

Wednesday, 20 May 2015

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) (“Issuer”) 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 the Issuer and will be guaranteed by GMT. They are expected to have a seven year tenor and mature in June 2022. It is expected that full details of the offer will be released in early June 2015, when the offer is expected to open.

No money is currently being sought and no applications for Goodman+Bonds will be accepted or money received until the offer opens and the investor receives a terms sheet.

ANZ Bank New Zealand Limited, Deutsche Craigs Limited and Forsyth Barr Limited have been appointed as Joint Lead Managers for the proposed offer.

Investors can register their interest in the offer by contacting the Joint Lead Managers using the contact details listed below. Indications of interest will not constitute an obligation or commitment of any kind.

The holders of the Issuer’s existing bonds (ticker code: GMB010) will be repaid on maturity on 19 June 2015 and any holders who wish to participate in the offer of Goodman+Bonds should register their interest in the manner described above.

The offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The Goodman+Bonds are expected to be quoted on the NZX Debt Market.

END

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 31