SML
29/11/2019 09:45
OFFER
PRICE SENSITIVE
REL: 0945 HRS Synlait Milk Limited (NS)

OFFER: SML: Synlait lodges PDS and announces indicative margin

Synlait Milk Limited (Synlait) is making an offer of up to $150 million of
five-year unsecured subordinated fixed rate bonds (with the ability to accept
up to $50 million of oversubscriptions at Synlait's discretion) maturing on
17 December 2024 to New Zealand institutional and retail investors (the
Offer).

The Offer is expected to open on 9 December 2019 and close on 13 December
2019, with the bonds quoted on the NZX Debt Market.