Infratil, flush with funds, won't offer reinvestment option for Nov. 2017 bond holders

Jonathan Underhill
Tue, 17 Oct 2017

By Jonathan Underhill Oct. 17 (BusinessDesk) - Infratil, which is one of the biggest issuers of NZDX-listed debt securities, says it won't offer holders of its November 2017 bonds an option to reinvest because it has ample funds and untapped bank facilities. The Wellington-based infrastructure and utility investor has 11 exchange-traded bonds with a collective value of $1.08 billion, of which seven mature over the next eight years and one that is a perpetual bond. In the past, Infratil has typically offered holders of maturing bonds the o...

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