Summarised details of the offers are below.
Issuer: Investore Property Limited
Description: Senior secured, fixed rate bonds
Maturity Date: Thursday, 18 April 2024
Expected Issue Rating: The Bonds will not be rated
Size: Up to $75 million (with the ability to accept oversubscriptions of up to $25 million at Investore’s discretion)
Interest Rate: TBA
To be determined by Investore in conjunction with the Arranger following a bookbuild, and announced via NZX on or about the Rate Set Date. The Interest Rate will be equal to the sum of the Swap Rate and the Issue Margin but in any case will be no less than the minimum Interest Rate announced by Investore via NZX on or about 12 March 2018.
Minimum Application: Minimum application of $5,000 with multiples of $1,000 thereafter
Interest Payments: Semi-annually in arrear in two equal payments
Listing: Application has been made to NZX Limited for permission to quote the Bonds on the NZX Debt Market. Ticker code IPL010 has been reserved for the Bonds
Brokerage: Nil brokerage payable by investors
PLEASE NOTE: There is no public pool therefore there is no official retail application. If you are a retail investor, please contact your adviser or broker to assist you in sourcing this, as this is an institutional offering.
Important Dates
Opening Date: Wednesday, 21 March 2018
Closing Date: 5:00pm, Thursday, 12 April 2018
Rate Set Date: Tuesday, 20 March 2018
Issue Date: Wednesday, 18 April 2018
Quotation Thursday, 19 April 2018
If you wish to bid through us, please advise your demand number by no later than 5.00pm Wednesday, 11 April 2018
Terms Sheet
Product Disclosure Statement
