Precinct launches New Zealand dollar green bond

On 17 May, Precinct Properties New Zealand launched a NZ$100-150 million (US$72.5-108.7 million), six-year, senior-secured, green bond. Offered to institutional and New Zealand retail investors, indicative price guidance for the deal is 145-160 basis points area over mid-swap. Pricing is expected on 21 May, according to lead managers ANZ, BNZ, Forsyth Barr and Jarden Securities.