GMT Bond Issuer Ltd Sets Rate on Bond Offer – Goodman+Bonds

Following the successful bookbuild process for its offer of 5.5 year (maturing 1 September 2023) fixed rate senior secured bonds ("Goodman+Bonds"), GMT Bond Issuer Limited (NZX Code: GMB) (a wholly owned subsidiary of Goodman Property Trust ("GMT" or "Trust")) today announced the offer has closed and $100 million of Goodman+Bonds will be issued under the offer. The interest rate for the Goodman+Bonds has been set at 4.00% p.a., which is the minimum interest rate set out in the Terms Sheet for the Goodman+Bonds dated 19 February 2018. The margin has been set at 1.20% p.a.. The Goodman+Bonds will be issued on 1 March 2018 and will mature on 1 September 2023. The Goodman+Bonds are expected to be quoted on the NZX Debt Market on 2 March 2018. The Goodman+Bonds are expected to have an investment grade issue credit rating of BBB+ from Standard & Poor's. GMT's current corporate credit rating is BBB. The full details of the offer are contained in the updated terms sheet attached. For further information please contact: Joint Lead Managers o Deutsche Craigs Limited 0800 226 263 o First NZ Capital Securities Limited 0800 005 678 o Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) 0800 942 822 John Dakin Chief Executive Officer Goodman (NZ) Limited (09) 375 6063 (021) 321 541 Andy Eakin Chief Financial Officer Goodman (NZ) Limited (09) 375 6077 (021) 305 316 About Goodman Property Trust: GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.7 billion, ranking it in the top 20 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group. Goodman Group are also the Trust's largest investor with a cornerstone unitholding of 21%. GMT is New Zealand's leading industrial and business space provider. It has a substantial property portfolio with a value of $2.6 billion that accommodates around 200 customers. The Trust holds an investment grade credit rating BBB from Standard & Poor's. The Trust's secured bonds, US private placement notes and bank debt are rated one notch higher at BBB+. End CA:00314669 For:GMT Type:GENERAL Time:2018-02-23 13:02:56