|Issue type||unsecured, unsubordinated debt|
|Rank||Ranks equally with other similar securities|
|Maturity||15 June 2021 & 15 June 2024|
|Early redemption||Subject to terms outlined in the investment statement|
|Amount||$100 million + $50 mln in oversubscriptions|
|Opening date||20 May 2016|
|Closing date||30 June 2016|
|Minimum parcel size||$5,000 and then in multiples of $1,000|
|Listed||IFT 220 & IFT 230|
|Credit rating||Not rated|
|Organising Participant and Manager(s)||
Organiser: Forsyth Barr
Managers: ANZ, Deutsche Craigs, First NZ Capital, Forsyth Barr & Westpac (NZ Branch)
Infratil new bond issue
- 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.