Page 45 - GMT and GMT Bond Issuer Annual Report 2017 v2

NOTES TO THE
3. BORROWINGS(CONTINUED)
3.3 Composition of borrowings
FINANCIAL
Date issued
-
Dec 13 Jun 15 Sep 10 Jun 15 Jun 15 Jun 15
Date issued
-
Dec 13 Jun 15 Sep 10 Jun 15 Jun 15 Jun 15
Weighted average
remaining Interest term (years) rate
3.0 Floating 3.7 6.20% 5.2 5.00% 0.4 7.58% 8.2 3.46%
10.2 3.56% 13.2 3.71%
Weighted average
remaining Interest term (years) rate
$ million
Facility
drawn / Undrawn Amount facility
293.0 307.0 100.0 - 100.0 -
45.0 - US$40.0 - US$40.0 - US$40.0 -
$ million
Facility
drawn / Undrawn Amount facility
STATEMENTS
2017
Syndicated bank facilities Retail bonds – GMB020 Retail bonds – GMB030 Wholesale bonds
US Private Placement notes US Private Placement notes US Private Placement notes
2016
Syndicated bank facilities Retail bonds – GMB020 Retail bonds – GMB030 Wholesale bonds
US Private Placement notes US Private Placement notes US Private Placement notes
Expiry
Oct18-Oct21 Dec 20
Jun 22
Sep 17
Jun 25 Jun 27 Jun 30
Expiry
Apr17-Oct21 Dec 20
Jun 22
Sep 17
Jun 25 Jun 27 Jun 30
continued
For the year ended 31 March 2017
3.6 Floating
4.7 6.20% 100.0 6.2 5.00% 100.0 1.4 7.58% 45.0 9.2 3.46% US$40.0
11.2 3.56% US$40.0 14.2 3.71% US$40.0
401.5 198.5 - - - - - -
As at 31 March 2017 and 31 March 2016 a $600.0 million syndicated bank facility was provided to the Trust by ANZ Bank New Zealand Limited, Bank of New Zealand, Commonwealth Bank of Australia, Westpac New Zealand Limited (each providing $135 million) and The Hongkong and Shanghai Banking Corporation Limited (providing $60 million).
As at 31 March 2017, GMT’s borrowing facilities had a weighted average remaining term of 4.4 years (2016: 5.1 years), with 58% being drawn from non- bank sources (2016: 50%).
SUBSEQUENT EVENT
On 17 May 2017 the Board approved a retail bond offer for $75.0 million of new bonds, with the ability to accept up to $25.0 million of oversubscriptions. This bond offer has a proposed term of 7 years from the date of issue. The retail bond is expected to launch on 18 May 2017.
GOODMAN PROPERTY TRUST ANNUAL REPORT 2017 FINANCIAL STATEMENTS
43 NOTES TO THE FINANCIAL STATEMENTS