Infratil sees retail bond offer oversubscribed by $220m

Infratil CEO Jason Boyes announced the capital raising on June 7. (Image: NZME)

Fri, 30 Jun 2023

Infratil has confirmed its $100 million retail share offering has been oversubscribed by $220m.The infrastructure investor received applications totalling $320m – more than triple the amount Infratil had set out to get.The retail offer was part of Infratil's equity raising announced on June 7, which included an underwritten $750m placement of shares. Infratil received 27,983 applications from eligible shareholders, with an average application of about $11,447. This is higher than Infratil’s 2020 share purchase plan of 10,82...

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