Bond Offer

SKYCITY is committed to delivering sustainable total shareholder return that rewards multi-year investment in the company

Bond Offer

 

SkyCity Entertainment Group Limited (SkyCity) is making an offer of up to NZ$125 million (with the ability to accept oversubscriptions of up to an additional NZ$50 million at SkyCity’s discretion) of 6 year, unsecured, unsubordinated, fixed rate bonds maturing on 21 May 2027 (Bonds) to institutional investors and members of the public who are resident in New Zealand and to certain overseas institutional investors only (Offer).

For any queries, please contact one of the Joint Lead Managers (refer details below). There is no public pool for the Offer, with all of the Bonds being reserved for clients of the Joint Lead Managers, NZX Firms and other approved financial intermediaries.

SkyCity has registered a Product Disclosure Statement (PDS) in relation to the Offer. You should download and read a copy of the PDS and the other documents set out below before applying for any Bonds using the links below. Other useful information about the Offer is available on the Register Entry for the Offer – search for ‘SkyCity’ or the offer number OFR13093. You should also download and read that information together with the NZX announcements released by SkyCity.

Key Dates*

Indicative Issue Margin and minimum Interest Rate announced

Monday, 10 May 2021

Opening Date

Monday, 10 May 2021

Closing Date

Friday, 14 May 2021 at 12.00pm (NZ time)

Rate Set Date

Friday, 14 May 2021

Issue Date

Friday, 21 May 2021

Expected Date of Initial Quotation and Trading of the Bonds on the NZX Debt Market (and earliest expected mailing of holding statements)

Monday, 24 May 2021

Interest Payment Dates

21 February, 21 May, 21 August and 21 November each year (or if that scheduled day is not a Business Day, the next Business Day without adjustment, interest or further payment as a result thereof) until and including the Maturity Date

First Interest Payment Date

21 August 2021 (with payment on 23 August 2021, being the first Business Day following the First Interest Payment Date)

Maturity Date

21 May 2027

*The timetable above is indicative only and subject to change. SkyCity may, in its absolute discretion and without notice, determine to vary the timetable.  Changes will be advised by way of announcement through NZX and ASX.  If the Closing Date is extended, the Rate Set Date, the Issue Date, the expected date of initial quotation and trading of the Bonds on the NZX Debt Market, the Interest Payment Dates and the Maturity Date may also be extended.  Any such changes will not affect the validity of any applications received. SkyCity reserves the right to cancel the Offer and the issue of the Bonds, in which case all application monies received will be refunded (without interest) as soon as practicable and, in any event, within five business days of the cancellation.

Further information 

Contact

If you have any questions about the Offer, you should contact one of the Joint Lead Managers:

  • Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand Branch) on 0800 772 142
  • ANZ Bank New Zealand Limited on 0800 269 476
  • Commonwealth Bank of Australia (ABN 48 123 123 124) (acting through its New Zealand branch) on 0800 272 266
  • Craigs Investment Partners Limited on 0800 226 263
  • Forsyth Barr Limited on 0800 367 227
  • Jarden Securities Limited on 0800 005 678

Important Notice and Disclaimer

The offer of Bonds is made by SkyCity on the terms and conditions set out in the Product Disclosure Statement dated 30 April 2021 (PDS). You should download and read the PDS and the Register Entry information contained on the Offer Register before applying for any Bonds. You can also seek advice from a financial adviser to help you to make an investment decision. You should seek your own tax advice in relation to the Bonds.

Application has been made to NZX for permission to quote the Bonds on the NZX Debt Market and all the requirements of NZX relating thereto that can be complied with on or before the date of this webpage have been duly complied with. However, the Bonds have not yet been approved for trading and NZX accepts no responsibility for any statement in this webpage. NZX is a licensed market operator and the NZX Debt Market is a licensed market, each regulated under the Financial Markets Conduct Act 2013.

SkyCity has not taken and will not take any action which would permit a public offering of Bonds, or possession or distribution of any offering material in respect of the Bonds, in any country or jurisdiction where action for that purpose is required (other than New Zealand). Accessing this webpage, the distribution or publication of any offering materials contained or referred to herein and the offer or sale of the Bonds may be restricted by law in certain jurisdictions. Persons who are accessing this webpage from outside New Zealand must inform themselves about and observe all such restrictions. You should refer to the specific selling restrictions in respect of the offer of Bonds on the Register Entry for the Offer for details.

Any capitalised terms used on this webpage but not defined have the same meaning as given to those terms in the PDS.