29 March 2019
MARKET RELEASE
PARTIAL CANCELLATION OF BANK FACILITY FOLLOWING GREEN BOND OFFER ALLOTMENT
Argosy Property Limited ("Argosy" or the "Company") has announced that, following the allotment of $100 million of senior secured fixed rate 7 year green bonds, Argosy has cancelled $100 million of bank facilities that were due to expire in October 2021.
Argosy also confirmed that the bonds were swapped back to floating interest rates via fixed rate receiver swaps.
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Enquiries Peter Mence
Chief Executive Officer Argosy Property Limited Telephone: 09 304 3411 Email: pmence@argosy.co.nz
Dave Fraser
Chief Financial Officer Argosy Property Limited Telephone: 09 304 3469 Email: dfraser@argosy.co.nz
Stephen Freundlich Head of Investor Relations Argosy Property Limited Telephone: 09 304 3426 Email: sfreundlich@argosy.co.nz