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Investore Property Fixed Rate Bond

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

We strongly recommend you discuss with your adviser at Equity Investment Advisers Ltd to ensure you understand the terms and conditions.

If this offer is of interest to you please register your interest  below so that we can contact you

Expression of Interest click here

Registering your interest does not have any obligation to purchase these bonds. No money is sought at this point.

Please note the allocation may be scaled depending on availability.