Infratil to raise up to $250M in two bond offers

Sun, 30 Sep 2018

By Paul McBeth Oct. 1 (BusinessDesk) - Infratil wants to raise up to $250 million through two bond offers as the infrastructure investor tries to buy out minority shareholders in Tilt Renewables. The company is selling $125 million of bonds in two tranches with the ability to accept a further $125 million. The six-year unsecured unsubordinated infrastructure bond pays annual interest of 4.75 percent. The 10-year note will pay 4.85 percent, resetting halfway through the term. The offer is open to the public and Infratil will also let ...

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