Infratil Opens AU$93.4 Million Infrastructure Bonds Offer

MT Newswires Live
05-29

Infratil (ASX:IFT, NZE:IFT) opened a NZ$93.4 million offering of seven-year unsecured, unsubordinated fixed-rate infrastructure bonds, according to a Thursday filing with the Australian and New Zealand bourses.

The offer includes a firm offer of up to NZ$50 million, closing on June 4, with bonds maturing on June 16, 2032, and an exchange offer of up to NZ$43.4 million, with closing on June 11, with bonds maturing on June 15, 2032.

The bonds will carry a fixed interest rate, which will be the higher of a 6% per annum minimum or the sum of the base rate and a margin expected to range between 2.3% and 2.45%.

Proceeds will be used for general corporate purposes, including refinancing the maturing IFT250 bonds, the company said.

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