Issue 64
Indicative market yield (% pa) | N/A |
Indicative market price (%) | 55.00 |
Issuer | Infratil |
Amount on issue (NZ$m) | 238.0 |
Issuer type | Corporate |
Description | Subordinated Perpetual Bond |
Security ranking | Subordinated |
Assumed maturity date | Perpetual |
Legal maturity date | Perpetual |
Credit rating | N/R |
Current coupon | 3.63 |
Coupon type | Reset Quarterly |
Next coupon reset date | 15 Nov 2017 |
Coupon reset at | 1 yr swap plus 1.50 |
Election/Conversion date | N/A |
First & future call dates | Continuous |
Margin reset date | N/A |
Margin reset | N/A |
NZX Code | IFTHA |
Holdings - minimum/increments ($) | 5,000/1,000 |
Issue documentation | Click here |
Notes
The reset margin will be adjusted upwards if the issuer's Gearing Ratio is greater than 60%. Please refer to the investment statement for details.
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