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New Issues

Posted in Bonds


Kiwi Income Property Trust

Issuer Kiwi Income Property Trust (KIPT)
Issue type Fixed Rate Notes - Senior bonds
Rank Senior debt
Maturity 20 August 2021
Early redemption No
Coupon (%) 6.15%
Amount Up to $75 million (with $25 mln over-subscriptions).
Opening date 11 July 2014
Closing date 1 August 2014
Listed These notes will be traded on NZDX under ticker KIP010
Credit rating Not rated
Lead manager(s) Deutsche Craigs Limited, BNZ, Forsyth Barr
Information Term Sheet & Simplified Prospectus (see here)


New Kiwi Income Property Trust senior fixed rate bonds


  • Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
  • The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
  • Listing on NZDX unless stated otherwise.