Kiwi Property considers Green Bond offer

Kiwi Property Group Limited (NZX: KPG) is considering an offer of seven-year fixed-rate senior secured green bonds (Green Bonds) to institutional and New Zealand retail investors. Full details of the Green Bond offer will be released upon the offer opening, which is expected to be in the week commencing 5 July 2021. Kiwi Property has appointed ANZ Bank New Zealand Limited (ANZ) as Arranger and Green Bond Co-ordinator. ANZ will also act as Joint Lead Manager of the Green Bond offer, alongside Craigs Investment Partners Limited, Forsyth Barr Limited and Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch). Investors can register their interest in the Green Bond offer by contacting any of the Joint Lead Managers (details below), or their financial adviser. Indications of interest will not constitute an obligation or commitment of any kind. No money is currently being sought and applications for the Green Bonds cannot currently be made. If Kiwi Property proceeds with the Green Bond offer, it will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The Green Bonds are expected to be quoted on the NZX Debt Market and assigned an issue credit rating of BBB+ by S&P Global Ratings1. Arranger, Green Bond Co-ordinator and Joint Lead Manager: ANZ Ph: 0800 269 476 Joint Lead Managers: Craigs Investment Partners Ph: 0800 226 263 Forsyth Barr Ph: 0800 367 227 Westpac Ph: 0800 772 142 ENDS Note: 1. Further information about S&P Global Ratings' credit rating scale is available at www.spglobal.com. 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 assigned to the Green Bonds) may be subject to suspension, revision or withdrawal at any time by S&P Global Ratings. Contact us for further information: Gavin Parker Chief Financial Officer gavin.parker@kp.co.nz +64 9 359 4012 Campbell Hodgetts Communications and Investor Relations Lead campbell.hodgetts@kp.co.nz +64 27 563 4985 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've been around for over 25 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. S&P Global Ratings has assigned Kiwi Property an issuer credit rating of BBB (stable) and an issue credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is the highest rated New Zealand company within CDP (Carbon Disclosure Project) and is a member of FTSE4 Good, a series of benchmark and tradable indices for ESG (Environmental, Social and Governance) investors. Kiwi Property is licensed under the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz End CA:00374586 For:KPG Type:OFFER Time:2021-06-28 08:31:54