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Latest news
- Market pricing in 30 bps cut to OCR 8
- Greek troubles weigh
- ASB says 'now's the time to fix' 2
- The bank with the most profitable staff 2
- Worries on euro risk
- Infratil lifts dividend after strong profit 3
- Greek crisis frays nerves
- 'Fix now before rates rise,' says Kerr 6
- US & German bonds in demand
- The Greek dance continues
Most commented
- Friday's Top 10 with NZ Mint 155
- Do you believe....in financial advice 90
- How democracies default on their debts 47
- Why Bill English doesn't like QE 46
- Wednesday's Top 10 with NZ Mint 46
- Westpac's 'conservative' 90% plus LVR loans 42
- Thursday's Top 10 with NZ Mint 42
- Monday's Top 10 with NZ Mint 41
- Calls for OCR cut 'horribly misplaced' 39
- Tuesday's Top 10 with NZ Mint 39
Most viewed
- ASB says 'now's the time to fix' 2
- The bank with the most profitable staff 2
- Market pricing in 30 bps cut to OCR 8
- Greek troubles weigh
- How the big 4 banks' results compare 5
- 'Fix now before rates rise,' says Kerr 6
- Never a dull moment for the NZ$
- Record BNZ half-year profit 10
- Greek crisis frays nerves
- Worries on euro risk
New Issues
Infratil
| Issuer | Infratil |
| Issue type | Subordinated callable bond |
| Rank |
Subordinated Structural subordination: Infratil Finance, a wholly owned subsidiary of the issuer, has bank facilities under which the debt due to the banks ranks before in priority to the claims of the bond holders. |
| Maturity | 15 November 2017 |
| Early redemption | Continuous |
| Coupon (%) | 8.00% fixed quarterly |
| Amount | Up to $75m - $39.7 allotted as at 9 December |
| Opening date | 4 November 2011 |
| Closing date | 31 January 2012 |
| Listed | Yes as IFT170 |
| Credit rating | n/a |
| Lead manager(s) | ANZ, First NZ, Forsyth Barr, Westpac |
| Information | Simplified disclosure prospectus |
News
Notes
- Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
- The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
- Listing on NZDX unless stated otherwise.
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