|Issue type||Subordinated callable bond|
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|
|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|
|Lead manager(s)||ANZ, First NZ, Forsyth Barr, Westpac|
|Information||Simplified disclosure prospectus|
- 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.