Property for Industry allocates NZ$200m 6.5 year bonds

Property for Industry Limited has announced a bond offering of NZ$200 million with a term of 6.5 years, according to recent market guidance. The bonds are expected to be issued at a spread of 130 to 140 basis points over the mid-swap rate, reflecting current market conditions and investor demand for structured debt in the property sector. This issuance follows the company's previous retail bond offering, PFI030, which raised NZ$150 million at an annual interest rate of 5.43%, with quarterly interest payments until its maturity on 13 September 2030. The new bond offering is part of the company's broader capital-raising strategy and aims to support its investment activities in the industrial property sector. Further details regarding pricing and subscription periods will be provided in the official prospectus and through the New Zealand Exchange (NZX) announcements. Investors are advised to review the offering documentation for full terms and conditions.