Investors

Infratil Bond Offer

Infratil Infrastructure Bonds 3.35% p.a. due 15 March 2026

2026 Bond Terms Sheet

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22 October 2019

Infratil announces that the offer of the above Series of unsecured unsubordinated Infrastructure Bonds is now open.

Infratil is offering up to $50 million of Infrastructure Bonds in aggregate across both the General and Exchange Offers (as described below), with the option to accept up to $75 million of oversubscriptions in aggregate at Infratil's discretion.

The offer will be made as an offer of debt securities of the same class as existing quoted debt securities pursuant to the Financial Markets Conduct Act 2013. The notice required by the Financial Markets Conduct Regulations 2014 has been provided to NZX.

The key terms of the offer are contained in the Terms Sheet, a copy of which is attached.

The interest rate for the Infrastructure Bonds due 15 March 2026 ("2026 Bonds") will be fixed at 3.35% p.a. for the full term of the 2026 Bonds. 

Details on how to apply for the Infrastructure Bonds are set out in the Terms Sheet.  The General Offer closes on 13 February 2020.  Infratil may elect to close the offer earlier.

Holders of the IFT090 bonds that mature on 15 February 2020 (“2020 Bonds”) can elect (subject to availability) to exchange some or all of their maturing bonds for 2026 Bonds. Refer below for further information on the Exchange Offer.

Interested investors, should contact their broker or one of the managers of the offer (outlined below) for more details.

ANZ Bank New Zealand Limited                0800 269 476

Bank of New Zealand                                 0800 284 017

Jarden Securities Limited                           0800 005 678       www.jarden.co.nz

Forsyth Barr Limited                                   0800 367 227         www.forsythbarr.co.nz

Application has been made to NZX for permission to quote the Infrastructure Bonds on the NZX Debt Market and all the requirements of NZX relating thereto that can be complied with on or before the date of this announcement have been duly complied with.  However, NZX accepts no responsibility for any statement in this announcement.  NZX is a licensed market operator, and the NZX Debt Market is a licensed market, each regulated under the Financial Markets Conduct Act 2013. 

Exchange Offer: IFT090 Bonds

Infratil Infrastructure Bond maturing 15 February 2020

Exchange Offer Application Form

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On 22 October 2019, Infratil announced an offer of Infratil Infrastructure Bonds due 15 March 2026 (‘2026 Bonds’). At that time, Infratil advised that it also expected to provide holders of the IFT090 bonds that mature on 15 February 2020 (‘2020 Bonds’) with the opportunity (subject to availability) to exchange some or all of their maturing bonds for 2026 Bonds. If that option was made available, Infratil advised that it would send further information on how to apply directly to holders of the 2020 Bonds.

Infratil now advises that it is providing holders of the 2020 Bonds with the opportunity (subject to availability) to exchange some or all of their maturing bonds for 2026 Bonds, and information on how to apply for that option has been sent directly to holders of the 2020 Bonds.

6 January 2020

Exchange Offer: IFT090 Bondholder Letter

Infratil Infrastructure Bonds Maturing 15 February 2020

Bondholder Maturity Letter

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We are writing to remind you that your IFT090 bonds will mature on 15 February 2020 and the final interest amount and principal will be paid to you in the same way that you usually receive your interest on Friday, 14 February 2020 (being the business day immediately preceding the maturity date).

Please contact Link Market Services on +64 9 375 5998 if you wish to change your account details or have any questions around settlement of your bonds.

Infratil Infrastructure Bond Offer currently open: March 2026 3.35% per annum quarterly coupon

We note that if you are seeking a reinvestment, Infratil has a bond offer that is currently open and in this regard we attach the Terms Sheet and Exchange Offer application form. 

The Exchange Offer option is available to holders of the maturing IFT090 bond to roll some or all of the maturing proceeds into the March 2026 bond and is available until 5.00pm on Friday 7 February 2020.

If you wish to take advantage of the Exchange Offer, please complete the Exchange Offer application form, or email info@infratil.com or call Infratil on 04 473 3663, or contact one of the brokers managing the March 2026 bond issue for Infratil:

ANZ Bank New Zealand Limited  0800 269 476

Bank of New Zealand                   0800 284 017

Jarden Securities Limited             0800 005 678 www.jarden.co.nz

Forsyth Barr Limited                     0800 367 227 www.forsythbarr.co.nz