HomeInfratil News2005Infrastructure Bond Series 05: Redemption of Securities

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Infrastructure Bond Series 05: Redemption of Securities

27 Oct 2005

The following information is provided in accordance with
Section 7.12 of the Listing Rules;

Class of security: Bonds Series 05

ISIN: NZIFTD0003S5

Number of bonds redeemed: 3,181,500

Redemption Price: $1.10

Payment: In cash

Amount paid up: $1.00 per bond

Percentage of the total class of securities redeemed: 8.54%

Reason for the redemption: Offer to existing Bond holders to exchange maturing bonds for new bonds.

Specific authority for the redemption: Board resolution dated 26 August 2005

Terms or conditions of the redemption: Board resolution dated 26 August 2005

Total number of bonds in existence after the redemption: 25,552,716

Dates of redemption: Bonds redeemed 27 October 2005

T K McAlister


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