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News on New Investment

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Kiwi Property Group has launched a 7 year Senior, Secured, Fixed Rate Bond

Issuer: Kiwi Property Group

Issuer Rating: Not rated.

Type of Security: Senior, Secured, Fixed Rate Bonds.

Size: Up to NZ$75 million with the ability to accept oversubscriptions of up to NZ$50 million.

Indicative Margin: 1.65-1.85%pa.

Interest Rate: The seven year swap interest rate plus the margin, subject to a minimum of 4.00%pa.

Indicative Issue Interest Rate: 4.00-4.11%pa.

Interest Payments: Semi-annual - each year on 7 March and 7 September.

Opening Date: Tuesday, 23 August 2016.

Closing Date: 11am Wednesday, 31 August 2016.

Rate Set Date: Wednesday, 31 August 2016.

Issue Date: Wednesday, 7 September 2016.

Expected Date of Quotation: Thursday, 8 September 2016.

Maturity Date: 7 September 2023.

Listing: Application has been made to quote the bonds on the NZDX

Minimum Application and Denominations: NZ$5,000 and multiples of NZ$1,000 thereafter.