GMT
08/06/2015 11:12
GENERAL
PRICE SENSITIVE
REL: 1112 HRS Goodman Property Trust
GENERAL: GMT: GMT Bond Issuer Limited Launches Bond Offer
GMT Bond Issuer Limited (a wholly owned subsidiary of Goodman Property Trust
("GMT")) announced today that it has opened an offer of $75 million (with the
ability to accept another $25 million in oversubscriptions) of fixed rate,
senior secured bonds ("Goodman+Bonds").
The offer will be made pursuant to the Financial Markets Conduct Act 2013 as
an offer of debt securities of the same class as existing quoted debt
securities. The notice required by the Financial Markets Conduct Regulations
2014 has been provided to NZX and is attached.
The full details of the offer are contained in the terms sheet, a copy of
which is attached. The Goodman+Bonds will have a maturity date of 23 June
2022 and are expected to be quoted on the NZX Debt Market. They have an
investment grade issue credit rating of BBB+ from Standard & Poor's. GMT's
current corporate credit rating is BBB.
The indicative issue margin range is 1.25 - 1.40% p.a. The issue margin and
interest rate for the Goodman+Bonds will be set following a bookbuild process
on 16 June 2015 and announced via NZX shortly thereafter. The offer will
close on 16 June 2015 following the bookbuild process, with the Goodman+Bonds
expected to be issued on 23 June 2015.
Interest will be paid on the Goodman+Bonds semi-annually in arrears with the
first interest payment to be made on 23 December 2015.
Investors interested in the offer should contact any of the Joint Lead
Managers (listed below), or their usual financial adviser, to obtain details
as to how Goodman+Bonds may be acquired. There will be no public pool for the
Goodman+Bonds.
? ANZ 0800 269 476
? Deutsche Craigs 0800 226 263
? Forsyth Barr 0800 367 227
For more information please call:
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
End CA:00265356 For:GMT Type:GENERAL Time:2015-06-08 11:12:38
