Infratil seeks up to $100 mln in new five-year infrastructure bond

Fri, 13 Dec 2013

Dec. 13 (BusinessDesk) - Infratil, which this month bought back $59 million of its shares, wants to raise up to $100 million from a five-year bond, a day after the Reserve Bank signalled interest rates are set to start rising next year at a faster rate than previously flagged. The Wellington-based infrastructure investor is offering up to $50 million in infrastructure bonds to all New Zealand investors, with the ability to accept oversubscriptions of up to $50 million, paying annual interest of 6.75 percent, and maturing on Nov. 15, 2019, it...

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