You are accessing the Global Goodman site. Are you looking for your local Goodman site?
Close
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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Phasellus facilisis ornare turpis vitae venenatis. Fusce sapien nisl, faucibus ac mollis et, condimentum ut arcu.