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

Infratil to issue

 

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.