Infratil Considers Infrastructure Bond Offer

Thursday 21st November 2024

Infratil Limited (Infratil) is considering making an offer of 6 year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 13 December 2030 (New Bonds) to New Zealand investors.

The offer will likely comprise two separate parts:

• A “Firm Offer” expected to open on 28 November 2024, which will be reserved for New Zealand resident clients of the Joint Lead Managers, approved financial intermediaries and other primary market participants invited to participate in the bookbuild. The Firm Offer is expected to close at 11.00am on 3 December 2024.

• An “Exchange Offer” expected to open on 4 December 2024 (following the Firm Offer), under which all New Zealand resident holders of the IFT260 bonds that mature on 15 December 2024 (2024 Bonds) will have the opportunity to exchange some or all of their maturing 2024 Bonds for New Bonds. The Exchange Offer is expected to close at 5.00pm on 10 December 2024.

Investors can register their interest in the offer by contacting a Joint Lead Manager or their usual financial adviser. Indications of interest will not constitute an obligation or commitment of any kind.

No money is currently being sought and applications for the New Bonds cannot currently be made. If Infratil offers the New Bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The New Bonds are expected to be quoted on the NZX Debt Market.

Infratil Considers Infrastructure Bond Offer

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