Argosy sets interest rate and confirms final issue size

Argosy Property Limited ('Argosy') has announced that, following a successful bookbuild for its offer ('Offer') of senior secured fixed rate 7 year green bonds ('Green Bonds'), the Offer has closed and $100,000,000 of Green Bonds have been allocated to participants in the bookbuild process. The allocation includes $25,000,000 of oversubscriptions, which is 100% of the amount made available under the Offer for oversubscriptions. All the Green Bonds have been allocated to participants (or their clients) in the bookbuild process as there was no public pool. The interest rate for the Green Bonds has been set at 2.90% per annum. This reflects a margin of 1.75% per annum above the 7 year swap rate. The Green Bonds are expected to be quoted on the NZX Debt Market on 30 October 2019 under the ticker code ARG020. A copy of the final terms sheet is attached. End CA:00342876 For:ARG Type:OFFER Time:2019-10-18 14:14:15