Infratil Considers Infrastructure Bond Offer

Infratil Considers Infrastructure Bond Offer

Infratil Limited (Infratil) is considering making an offer of 7½ year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 15 March 2031 (2031 Bonds) to New Zealand investors.

The offer will likely comprise two separate parts:

• A “Firm Offer” expected to open on 28 August 2023, which will be reserved for New Zealand 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 on 1 September 2023.

• An “Exchange Offer” expected to open on 4 September 2023 (following the Firm Offer), under which all New Zealand resident holders of the IFT210 bonds that mature on 15 September 2023 (2023 Bonds) will have the opportunity to exchange some or all of their maturing 2023 Bonds for 2031 Bonds.

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 2031 Bonds cannot currently be made. If Infratil offers the 2031 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 2031 Bonds are expected to be quoted on the NZX Debt Market.

Arranger and Joint Lead Manager: Bank of New Zealand

Joint Lead Managers:

ANZ Bank New Zealand Limited

Craigs Investment Partners Limited

Forsyth Barr Limited

Jarden Securities Limited

Tom Robertson

Treasury and Risk Manager, Infratil

Phone: +64 4 550 5432