Infratil Considers Infrastructure Bond Offer

Infratil Limited 5 Market Lane, PO Box 320, Wellington 6140, New Zealand Tel +64 4 473 3663 www.infratil.com







21 November 2024

Infratil Considers Infrastructure Bond Offer


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.

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

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

Authorised for release by:

Brendan Kevany
Infratil Company Secretary