Ann: GENERAL: GMB: GMT Issues Long Term Debt

• Release Date: 22/04/15 09:00
• Summary: GENERAL: GMB: GMT Issues Long Term Debt
• Price Sensitive: No
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					GMB
22/04/2015 09:00
GENERAL
PRICE SENSITIVE
REL: 0900 HRS GMT Bond Issuer Limited

GENERAL: GMB: GMT Issues Long Term Debt

Goodman (NZ) Limited, the Manager of Goodman Property Trust, is pleased to
advise that it has completed a United States Private Placement ("USPP") debt
issue securing US$120 million of long term funding.

The debt issue includes three equal tranches of US$40 million with terms of
10, 12 and 15 years. Strong demand from US debt investors ensured competitive
pricing with coupons of 3.46%, 3.56% and 3.71%.

Andy Eakin, Chief Financial Officer of the Manager said, "We are extremely
pleased with the very high level of demand our USPP offer has generated and
the confidence these investors have shown in our business. Securing long
dated funding from non-bank lenders is a positive initiative that increases
the diversity and tenor of the Trust's debt facilities while providing
capacity for pending expiries."

Swapping the issue back to NZ dollars mitigates any currency risk with the
effective pricing of the new facilities reflecting margins of 1.99%, 2.05%
and 2.20% above the BKBM.

The funding will be drawn on 15 June 2015 with the proceeds of the issue
being used to repay the Goodman+Bonds maturing on 19 June 2015. The issue
extends the weighted average term to expiry of GMT's debt facilities from 2.6
to 4.7 years, at this date.

An updated debt maturity profile is attached as an appendix to this
announcement.

For more information please call:

Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
End CA:00263393 For:GMB    Type:GENERAL    Time:2015-04-22 09:00:51