Wednesday, 22 August 2018

Announcement

OFFER: KPG: S&P Global Ratings confirms BBB+ bond rating

12 Dec 2017 16:51NZX
Further to its earlier announcement concerning the close of its $125 million
fixed-rate senior secured bond offer, Kiwi Property is pleased to advise that
S&P Global Ratings  has confirmed that it has assigned an issue credit rating
of BBB+ to the bonds, which are expected to be issued on 19 December 2017 and
quoted on the NZX Debt Market under the ticker code KPG030 from 20 December
2017.

Kiwi Property''s current corporate credit rating is BBB (stable).

> Ends

CONTACT US FOR FURTHER INFORMATION

Gavin Parker
Chief Operating Officer
gavin.parker@kp.co.nz
+64 9 359 4012

Stuart Tabuteau
Chief Financial Officer
stuart.tabuteau@kp.co.nz
+64 9 359 4025

ABOUT US

Kiwi Property (NZX: KPG) is the largest listed property company on the New
Zealand Stock Exchange and is a member of the S&P/NZX 15 Index.  We''ve been
around for more than 20 years and we proudly own and manage a $2.9 billion
portfolio of real estate, comprising some of New Zealand''s best shopping
centres and prime office buildings.  Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior
risk-adjusted returns over time through the ownership and active management
of a diversified, high-quality portfolio.  S&P Global Ratings has assigned
Kiwi Property a corporate credit rating of BBB (stable) and an issue credit
rating of BBB+ for each of its existing fixed rate senior secured bonds.
Kiwi Property is licensed under the Real Estate Agents Act 2008.  To find out
more, visit our website kp.co.nz
End CA:00311802 For:KPG    Type:OFFER      Time:2017-12-12 16:51:07
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