IFT270 - Interest Rate Reset

Infratil Limited (Infratil) refers to its NZ$146,249,000 unsecured, unsubordinated fixed rate bonds, listed under ticker IFT270 (Bonds). The Bonds have a 10 year term, maturing on 15 December 2028.

Under the terms of the Bonds, the interest rate is due to be reset on 15 December 2023 (the Reset Date) for the second five-year period. The reset interest rate will be set at the sum of:

• the five year swap rate on 15 December 2023; plus

• the margin of 2.50% per annum.

The reset interest rate will be announced by Infratil via the NZX on or shortly after the Reset Date.

•  IFT270 Interest Rate Reset

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:

Fletcher Building Market Update
Devon Funds Morning Note - 13 May 2024
GTK - Half-Year Results Investor Briefing Details
GNE - Huntly Firming Options
Chatham Closes Private Placement
May 13th Morning Report
Rakon FY2024 Results Announcement Date
WHS - The Warehouse Group FY24 Third Quarter Sales Update
May 10th Morning Report
FY24 Results Announcement Date and Briefing Details