Infratil launches $50 million bond offer

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Listed infrastructure company Infratil (IFT) is seeking to raise up to $50 million in a bond issue.

In a statement to the NZX Infratil said the unsecured and subordinated bonds would mature November 2017 and attract 8% interest.

The offer seeks to raise $25 million from to all investors, with the board maintaining discretion to accept up to $50 million if oversubscribed.

Holders of existing Infratil bonds maturing on November 15, 2011 are also given the option of converting their debentures to those maturing in 2017.

A full disclosure statement can be seen on Infratil's website.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7100 0.0000 0.00%
AUD 0.9295 0.0000 0.00%
EUR 0.6459 0.0000 0.00%
GBP 0.4645 0.0000 0.00%
HKD 5.5084 0.0000 0.00%
JPY 88.1490 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1189.4 2.070 2015-05-29T00:
Oil Brent 66.1 -1.110 2015-05-29T00:
Oil Nymex 60.3 2.570 2015-05-29T00:
Silver Index 16.7 0.032 2015-05-29T00:

Indices

Symbol Open High Last %
NZX 50 5777.6 5844.9 5777.6 1.17%
NASDAQ 5093.1 5099.4 5098.0 -0.55%
DAX 11685.7 11704.4 11677.6 -2.26%
DJI 18128.1 18128.1 18126.1 -0.64%
FTSE 7040.9 7069.9 7040.9 -0.80%
HKSE 27398.3 27604.3 27454.3 -0.11%
NI225 20510.3 20636.4 20551.5 0.06%