L&Q Notice - Infratil Limited ("IFT320")

LISTING AND QUOTATION NOTICE: NZX DEBT MARKET
INFRATIL LIMITED (“IFT320”) BONDS

Company: Infratil Limited

Issuer Code: IFT

Security Code: IFT320

ISIN: NZIFTD0320L8

Details of Issue: An offer of NZ$50 million unsecured, unsubordinated, fixed rate bonds in aggregate (with the ability to accept oversubscriptions of NZ$15 million at Infratil’s absolute discretion) under the “Firm Offer”, and an additional $93,696,000 of bonds under the “Exchange Offer”.

Under the Exchange Offer, Infratil is offering holders of the Bonds maturing on 15 June 2022 (Ticker: IFT190) the opportunity to exchange some or all of their bonds on a one to one basis.

Opening Date:
Firm Offer: 26 May 2022
Exchange Offer: 3 June 2022

Closing Date:
Firm Offer: 2 June 2022
Exchange Offer: 13 June 2022

Interest Rate: 5.93% per annum

Rate Reset Date: 15 June 2026

Maturity Date: 15 June 2030

Interest Payment Dates: 15 March, 15 June, 15 September, and 15 December of each year up to and including the maturity date

Date of First Interest Payment: 15 September 2022

First Interest Paid To: Holder on Record Date

Record Date: 10 calendar days prior to payment date, or, if that day is not a business day, the preceding business day

Minimum Application Amount: NZ$5,000

Minimum Holding: NZ$5,000

Minimum Amount Transferrable: NZ$1,000

Face Value: NZ$1.00 per bond

Arranger and Organising Participant: Bank of New Zealand

Joint Lead Managers: ANZ Bank New Zealand Limited, Bank of New Zealand, Forsyth Barr Limited, Hobson Wealth Partners Limited, Jarden Securities Limited

Master Trust Deed Dated: Master Trust Deed dated 11 November 1999 (as amended) Indicative Terms Sheet and Series Supplement: 26 May 2022
Final Terms Sheet to be dated 2 June 2022 (to be released after the Issue Margin and Initial Interest Rate has been set on the Rate Set Date)

Issue Date: 15 June 2022

Registrar: Link Market Services Limited

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: 16 June 2022


Mark Peterson
Chief Executive Officer
NZX Limited

02 June 2022

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Announcement PDF