2 Feb 2007
Infratil will hold a special meeting of shareholders on 21 February to ratify the issue of $195 million of its Perpetual Infratil Infrastructure Bonds (PIIBs) and approve the issue of up to another $150 million of PIIBs.
While the resolutions would permit the issue of up to another $150 million of PIIBs, the present intention is to issue a total of $250 million. Approval for a additional amount will give Infratil flexibility to issue further PIIBs should this become desirable and/or efficient.
Infratil is pleased with the investor support to date. The proceeds of the issue have been used to fund the acquisition of Alliant Energy New Zealand Limited and to repay bank debt.
Notice of Special Meeting
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