Property for Industry Limited Launches Bond Offer

30/03/2026 08:31 NZDT, OFFER

PROPERTY FOR INDUSTRY LIMITED LAUNCHES BOND OFFER

Property for Industry Limited (PFI) announced today that it is offering up to $125,000,000 (with the ability to accept oversubscriptions of up to an additional $75,000,000 at PFI’s discretion) of 6.5 year senior secured fixed rate bonds (Bonds) to New Zealand retail and institutional investors and Australian institutional investors.

The offer opens today and 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 Bonds are expected to be quoted on the NZX Debt Market under the ticker code PFI040.

The Interest Rate for the Bonds will be equal to the sum of the Base Rate plus the Issue Margin.

The indicative Issue Margin range for the Bonds is 1.30% to 1.40% per annum. An announcement of the actual Issue Margin (which may be within, above or below the indicative Issue Margin range) and Interest Rate is expected to be made via NZX on 1 April 2026 following a bookbuild process. The Bonds are expected to be issued on 13 April 2026.

Full details of the Bond offer are contained in the indicative terms sheet which is attached, along with the investor presentation. The offer documents are available through www.pfibondoffer.co.nz.

There is no public pool for the offer, with all the Bonds reserved for clients of the Joint Lead Managers, Primary Market Participants and other approved financial intermediaries. Interested investors should contact one of the Joint Lead Managers (details below) or their financial advice provider for more details.

Arranger and Joint Lead Manager

- Westpac - Phone: 0800 772 142

Joint Lead Managers

- Bank of New Zealand - Phone: 09 924 9602

- Craigs Investment Partners Limited - Phone: 0800 272 442

- Forsyth Barr Limited - Phone: 0800 367 227

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ABOUT PFI

PFI is an NZX listed industrial property specialist, owning over 90 quality properties worth more than $2 billion. Our well diversified portfolio is focused on strategic locations that drive value and growth for the industrial sector, for our tenants, and for our investors. Since listing on the NZX in 1994, we’ve built a strong track record of delivering consistent returns. We invest for the long-term, combining our capital and specialist industry capability to deliver the successful outcomes all our stakeholders need.

CONTACT

SIMON WOODHAMS

Chief Executive Officer

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+64 21 749 770

woodhams@pfi.co.nz

CRAIG PEIRCE

Chief Finance and Operating Officer

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+64 21 248 6301

peirce@pfi.co.nz

Property for Industry Limited

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Level 4, Hayman Kronfeld Building,

15 Galway Street, Auckland 1010

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PO Box 1147, Shortland Street, Auckland 1140