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- Release Date: 11/12/13 16:05
- Summary: LISTING: GMT: GMT Bond Issuer Limited sets rate on public bond offer
- Price Sensitive: No
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GMT
11/12/2013 14:05
LISTING
REL: 1405 HRS Goodman Property Trust
LISTING: GMT: GMT Bond Issuer Limited sets rate on public bond offer
GMT Bond Issuer Limited (a wholly owned subsidiary of Goodman Property Trust
("GMT")) today announced the number of bonds to be issued and interest rate
applicable to its offer of fixed rate, senior secured bonds
("Goodman+Bonds").
$100 million of Goodman+Bonds will be issued under the offer, and the
interest rate has been set at 6.20% p.a. This reflects a margin of 1.27%
p.a. over today's benchmark 7 year swap rate of 4.93%.
The Goodman+Bonds have an investment grade issue credit rating of BBB+ by
Standard & Poor's. GMT has a current corporate (or issuer) credit rating of
BBB from Standard & Poor's.
The obligations of GMT Bond Issuer Limited under the Goodman+Bonds will be
directly guaranteed by GMT and will be indirectly guaranteed by each
wholly-owned subsidiary of GMT.
The full details of the offer are contained in the simplified disclosure
prospectus, a free copy of which can be obtained from GMT's website
(www.goodman.com/nz) or from one of the Joint Lead Managers (Bank of New
Zealand and Deutsche Craigs Limited) or the Co-Manager (Forsyth Barr Limited)
using the contact numbers referred to below.
The Goodman+Bonds will be initially issued to a number of NZX participants,
including the Joint Lead Managers and the Co-Manager, who may then sell down
their holdings. Investors interested in the offer should contact either of
the Joint Lead Managers, BNZ on (09) 375 1391 or Deutsche Craigs Limited on
0800 226 263, the Co-Manager, Forsyth Barr Limited on 0800 367 227 or their
usual financial advisor, to obtain details as to how Goodman+Bonds may be
acquired. The minimum application amount is for Goodman+Bonds with a
principal amount of at least $5,000 and in multiples of $1,000 thereafter.
Application has been made to NZX for permission to list the Goodman+Bonds on
the NZDX and all the requirements of NZX relating thereto that can be
complied with on or before the date of this media release have been duly
complied with. However, NZX accepts no responsibility for any statement in
this media release. The NZDX is a registered market operated by NZX which is
a registered exchange, regulated under the Securities Markets Act 1988.
Ends
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:00245034 For:GMT Type:LISTING Time:2013-12-11 14:05:04
