Infratil raises $1 billion for growth investments

Infratil has successfully completed the placement component of its equity raising, raising $1 billion.

The placement, which was underwritten, saw new Infratil shares issued at $10.15 per share.

It attracted strong interest from existing shareholders as well as new investors in New Zealand, Australia, and offshore.

The capital raised will be used to fund growth investments at Infratil's Trans-Tasman data centre platform, CDC, and across its portfolio.

The settlement of the placement is expected to occur on June 20 on the ASX and June 21 on the NZX.

The retail share offer, which is non-underwritten, will open on June 20.