Infratil Considers Infrastructure Bond Offer

21 May 2024

Infratil Considers Infrastructure Bond Offer

Infratil Limited (Infratil) is considering making an offer of 7½ year unsecured, unsubordinated,
fixed rate infrastructure bonds maturing on 17 December 2031 (New Bonds) to New Zealand
investors.
The offer will likely comprise two separate parts:
• A “Firm Offer” expected to open on 27 May 2024, which will be reserved for New Zealand
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 30 May 2024.
• An “Exchange Offer” expected to open on 31 May 2024 (following the Firm Offer), under
which all New Zealand resident holders of the IFT230 bonds that mature on 15 June 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 12 June
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.

Arranger and Joint Lead Manager:
Bank of New Zealand
Joint Lead Managers:
ANZ Bank New Zealand Limited
Craigs Investment Partners Limited
Forsyth Barr Limited
Jarden Securities Limited


Tom Robertson
Infratil Treasurer
Phone: +64 4 550 5432
Email: tom.robertson@infratil.com








Infratil Limited 5 Market Lane, PO Box 320, Wellington, New Zealand Tel +64-4-473 3663 www.infratil.com