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Friday, 26 May 2017
Following the successful bookbuild process for its offer of seven year fixed rate senior secured bonds ("Goodman+Bonds"), GMT Bond Issuer Limited (a wholly owned subsidiary of Goodman Property Trust ("GMT")) today announced the offer has closed and $100 million of Goodman+Bonds will be issued under the offer.
The interest rate for the Goodman+Bonds has been set at 4.54% p.a. This reflects a margin of 1.55% p.a. over the underlying seven year swap rate. The Goodman+Bonds will be issued on 31 May 2017 and will mature on 31 May 2024. The Goodman+Bonds are expected to be quoted on the NZX Debt Market on 1 June 2017.
The Goodman+Bonds are expected to have an investment grade issue credit rating of BBB+ from Standard & Poor's. GMT’s current corporate credit rating is BBB.
The full details of the offer are contained in the updated terms sheet attached.
For further information please contact:
Joint Lead Managers
+ BNZ 0800 284 017
+ Westpac Banking Corporation (acting through its New Zealand branch) 0800 942 822
Co-Managers
+ Deutsche Craigs Limited 0800 226 263
+ First NZ Capital Securities Limited 0800 005 678
+ Forsyth Barr Limited 0800 367 227
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(09) 375 6063
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