Kiwi Property launches Green Bond offer
20/10/2026 08:31 NZDT, OFFERP
Kiwi Property Group Limited (Kiwi Property) today announced it is offering up to NZ$150 million (plus up to NZ$50 million of oversubscriptions at its discretion) of 7-year fixed-rate senior secured green bonds (Green Bonds) to institutional and New Zealand retail 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 indicative margin range for the Green Bonds is 1.20% to 1.30% per annum, subject to a minimum interest rate of 5.55% per annum. An announcement of the actual margin and interest rate is expected to be made via NZX on 23 October 2026 following a bookbuild process.
Full details of the Green Bond offer are contained in the attached indicative terms sheet.
The Green Bonds are expected to be quoted on the NZX Debt Market and are expected to be assigned an issue credit rating of BBB+ by S&P Global Ratings (note 1).
There is no public pool for the offer, with all the Green Bonds reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries. Interested investors should contact their usual financial adviser for more details.
The offer is expected to close on 23 October 2026.
Arranger and Joint Lead Manager:
Craigs Investment Partners Limited
Joint Lead Managers:
ANZ Bank New Zealand Limited (Green Bond Co-ordinator)
Bank of New Zealand
Forsyth Barr Capital Markets Limited
Note 1: Further information about S&P Global Ratings’ credit rating scale is available at www.spglobal.com/ratings. A rating is not a recommendation by any rating organisation to buy, sell or hold Kiwi Property securities. Kiwi Property’s corporate credit rating is current as at the date of this announcement and (together with any rating ascribed to the Green Bonds) may be subject to suspension, revision or withdrawal at any time by S&P Global Ratings.
ENDS
For further information:
Fraser Gunn
Head of Strategic Finance and Investor Relations
fraser.gunn@kp.co.nz
+64 21 973 534
About us:
Kiwi Property (NZX: KPG) is one of the largest listed property companies on the New Zealand Stock Exchange and is a member of the S&P/NZX 20 Index. We have been around for over 30 years and proudly own and manage a significant real estate portfolio comprising some of New Zealand’s best mixed-use, retail and office buildings. Our objective is to provide investors with a reliable investment in New Zealand property through the ownership and active management of a diversified, high-quality portfolio. Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website, kp.co.nz