OFFER OF SUBORDINATED CONVERTIBLE NOTES DUE 2026 ISSUED BY PRECINCT PROPERTIES NEW ZEALAND LIMITED
PRECINCT PROPERTIES NEW ZEALAND LIMITED
precinct.co.nz
There are some aspects of this fund which may require extra consideration before deciding to invest.
Issuer can withhold payment
In this case, the provider of this investment may not pay investors back straight away. This is important to know and acknowledge as you research investments.
Issuer's description of this product:
Subordinated convertible notes
Minimum investment
$1,000
This is the minimum amount you would need to put into this in order to invest.
Closing date
08 Sep 2023
This is when this offer closes to investors.
The details
Key facts
Provider website
Intending to list
Yes
Issuer's industry
Rental/hiring/real estate
Credit ratings
Credit ratings can help you understand whether your investment in bonds will pay or if you'll get your money back. They indicate the long-term ability of the issuer to repay its debts. See also the Reserve Bank's primer on credit ratings and a map of the three scales used by the rating agencies.
Investment credit rating
Not providedIssuer credit rating
Not providedMaturity
Fixed Date
Rate
Fixed
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Precinct Replacement Product Disclosure Statement 1 September 2023.pdf
How this investment works, including about the provider, risks, costs and potential returns
PDF, 2.17 MB
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Precinct Indicative Terms Sheet 4 September 2023.pdf
Precinct - Indicative Terms Sheet
PDF, 1.75 MB
Precinct Stapling Deed.pdf
Stapling Deed
PDF, 484.00 KB
Precinct Investor Presentation 1 September 2023.pdf
Precinct - Investor Presentation
PDF, 3.23 MB
Precinct Total Estimated Costsof Offerand Issue.pdf
Total estimated costs of offer and issue
PDF, 78.43 KB
Additional details
Issuer details
Name
PRECINCT PROPERTIES NEW ZEALAND LIMITED
Type
NZ Limited Company
Industry
Rental/hiring/real estate
Website
NZBN
9429031565783
Credit rating
Not provided
Supervisor
Name
THE NEW ZEALAND GUARDIAN TRUST COMPANY LIMITED
Offer details
Date registered
25 August 2023
Date opened
4 September 2023
Closing date
8 September 2023
Offer credit rating
N/A
Continuous issue
No
Further payments may be required
Yes
Restrictions on transfer
No
Restrictions on acquisition
No
Convertible product
Yes: Ordinary shares in Precinct NZ. As a consequence of the issue of the shares by Precinct NZ, under the Stapling Deed, Precinct Properties Investments Limited (Precinct Investments) must issue a corresponding number of fully paid ordinary shares for no consideration. Accordingly, following the Conversion, relevant Noteholders will hold ordinary shares in Precinct NZ and a corresponding number of ordinary shares in Precinct Investments. The Precinct NZ and Precinct Investments shares will be stapled under the Stapling Deed.
Intending to list
Yes : nzx.com
Schedule 1 exemption
No
FMA exemption
No
Reference numbers
Offer
OFR13575: OFFER OF SUBORDINATED CONVERTIBLE NOTES DUE 2026 ISSUED BY PRECINCT PROPERTIES NEW ZEALAND LIMITED