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Quotation Notice - Infratil Limited ("IFT230")

8 Jun 2016 3:16pm

QUOTATION NOTICE: NZX DEBT MARKET
INFRATIL LIMITED (“IFT230”) BONDS

Issuer: Infratil Limited (“IFT”)

Security Code: IFT230

ISIN: NZIFTD0230L9

Details of Issue: An offer of unsecured, unsubordinated, fixed rate eight year Infrastructure Bonds.
This offer is for up to $100,000,000 (with oversubscriptions of up to $50,000,000) of Infrastructure Bonds in aggregate across both the General Offer and the Exchange Offer and across both IFT230 and IFT220. The maximum aggregate amount of bonds being offered between IFT230 and IFT220 is $150,000,000.

There is no minimum size for either IFT230 or IFT220.

Infratil is offering holders of the Infrastructure Bonds maturing 15 June 2016 (“2016 Bonds”) the opportunity (subject to availability) to exchange some or all of their 2016 Bonds for new Infrastructure Bonds of either IFT220 and/or IFT230 on a one to one basis (“Exchange Offer”).

Opening Date: 20 May 2016

Closing Date: Exchange Offer: 5.00pm, 13 June 2016

General Offer: 5.00pm, 15 June 2016

Interest Rate: 5.50% per annum

Maturity Date: 15 June 2024

Issue/Allotment Date: General and Exchange Offer: 16 June 2016

General Offer: 20 June 2016

Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year until and including the Maturity Date

Date of First Interest Payment: 15 September 2016

First Interest Paid To: Original Subscriber

Record Date: 10 calendar days before the due date for that payment or, if that day is not a Business Day, the preceding Business Day

Minimum Application Amount: $5000 and multiples of $1000 thereafter (unless a holder of 2016 Bonds is exchanging all of his/her 2016 Bonds).

Minimum Holding: $5000

Minimum Amount Transferrable: Infratil may refuse to register a transfer if the transfer would result in the transferee holding less than 5,000 Bonds

Face Value: $1.00 per Bond

Supervisor Name: Trustees Executors Limited

Organising Participant: Forsyth Barr Limited

Lead Managers: ANZ Bank New Zealand Limited, Deutsche Craigs Limited, First NZ Capital Securities Limited, Forsyth Barr Limited, Westpac Banking Corporation (acting through its New Zealand Branch)

Trust Deed Dated: 11 November 1999 (as amended) and Series Supplement dated 19 May 2016, Terms Sheet dated 20 May 2016

Registrar: Link Market Services Limited (“LNKT”)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: 16 June 2016



Tim Bennett
Chief Executive Officer
NZX Limited
8 June 2016

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