Kiwi Property Group Limited (Kiwi Property) has announced an offer (Offer) of up to NZ$150 million (with the ability to accept oversubscriptions of up to an additional NZ$50 million at its discretion) of 7-year fixed-rate senior secured green bonds maturing on 2 November 2033 (Green Bonds).
The key terms of the Offer are contained in the indicative terms sheet dated 20 October 2026 (Terms Sheet) below.
The Offer is made in reliance upon the exclusion in clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 (FMCA).
The Offer contained in the Terms Sheet is an offer of Green Bonds that have identical rights, privileges, limitations and conditions (except for the interest rate and maturity date) as Kiwi Property's existing:
NZ$125 million fixed-rate senior secured green bonds maturing on 27 September 2029 (with a fixed interest rate of 6.24% per annum), which are currently quoted on the NZX Debt Market under the ticker code KPG060, and
NZ$125 million fixed-rate senior secured green bonds maturing on 19 June 2030 (with a fixed interest rate of 5.35% per annum), which are currently quoted on the NZX Debt Market under the ticker code KPG070,
(together, the Existing Bonds).
The Green Bonds are of the same class as the Existing Bonds for the purposes of the FMCA and the Financial Markets Conduct Regulations 2014.
Kiwi Property is subject to a disclosure obligation that requires it to notify certain material information to NZX Limited for the purpose of that information being made available to participants in the market and that information can be found by visiting www.nzx.com/companies/KPG/announcements.
The Existing Bonds are the only debt securities of Kiwi Property that are in the same class as the Green Bonds and are currently quoted on the NZX Debt Market.
Investors should look to the market price of the Existing Bonds to find out how the market assesses the returns and risk premium for those bonds.
