Infratil prepares to sell more 'infrastructure' bonds

Infratil is preparing to sell more 'infrastructure' bonds to repay existing debt and lengthen its maturity profile.

The Wellington-based group, whose investments range from a controlling stake in TrustPower, to the Shell service stations, Wellington International Airport and the main bus service in Auckland and Wellington, didn’t say how much worth of the debt it will sell.

The terms are likely to be similar to its existing series of the debt, it said in a statement.

Infratil has $112 million of May 2011 ‘infrastructure’ bonds that pay a coupon of 8.25% among its debt that trades on the NZDX market.

Holders of the May 2011 bonds will be offered the chance to exchange the debt for the new series, it said.

Infratil’s shares were unchanged at $1.86 and have gained 17% this year.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report