Kiwi Property Group Limited announced that, following the successful bookbuild process for its offer (Offer) of 6.5-year fixed-rate senior secured green bonds (Green Bonds), NZD 125 million of Green Bonds have been allocated to participants in the bookbuild process. There was no public pool for the Offer. The interest rate for the Green Bonds has been set at 6.24% per annum. This is the sum of the base rate plus a margin of 1.75% per annum.
The Green Bonds will be issued on 27 March 2023 and will mature on 27 September 2029. The Green Bonds are expected to be quoted on the NZX Debt Market on 28 March 2023.