PFI Sets Interest Rate for Bond Offer

PFI SETS INTEREST RATE FOR BOND OFFER NZX listed industrial property landlord Property for Industry Limited (PFI) has announced that, following the successful bookbuild process for its offer of 7-year senior secured fixed rate bonds (Bonds), the offer has closed and $100 million of Bonds will be issued under the offer. The interest rate for the Bonds has been set at 4.25% per annum. This reflects a margin of 1.60% per annum over the 7-year swap rate. The Bonds will be issued on 1 October 2018 and will mature on 1 October 2025. The Bonds are expected to be quoted on the NZX Debt Market on 2 October 2018 under the ticker code PFI020. All of the Bonds have been allocated to intermediaries for distribution to their clients and there is no public pool available. The full details of the offer are contained in the updated terms sheet attached and available through www.pfibondoffer.co.nz. For further information please contact: Arranger and Joint Lead Manager: - Westpac - Phone: 0800 942 822 Joint Lead Managers: - Deutsche Craigs Limited - Phone: 0800 226 263 - Forsyth Barr Limited - Phone: 0800 367 227 ENDS ABOUT PFI & CONTACT PFI is an NZX listed property vehicle specialising in industrial property. PFI's nationwide portfolio of 93 properties is leased to 146 tenants. For further information please contact: SIMON WOODHAMS General Manager --- Phone: +64 9 303 9652 Email: woodhams@pfi.co.nz --- CRAIG PEIRCE Chief Financial Officer and Company Secretary --- Phone: +64 9 303 9651 Email: peirce@pfi.co.nz --- Property for Industry Limited Shed 24, Prince's Wharf, 147 Quay Street, Auckland 1010 PO Box 1147, Shortland Street, Auckland 1140 --- www.propertyforindustry.co.nz Attachment Final terms sheet End CA:00324222 For:PFI Type:OFFER Time:2018-09-21 14:05:18