Infratil Limited (Infratil) today announced that it has set the Interest Rate for its $150m offer of 6 year unsecured, unsubordinated, fixed rate infrastructure bonds maturing on 31 July 2029 (Infrastructure Bonds).

The Interest Rate has been set at 6.90% per annum. This is equal to the sum of the Issue Margin of 2.25% per annum and the Base Rate on the Rate Set Date of 4.65% per annum.

The Infrastructure Bonds will be issued on 31 July 2023. The Infrastructure Bonds will be quoted on the NZX Debt Market under the ticker code IFT330.

Details of the offer are contained in the Final Terms Sheet which is attached.

Arranger and Joint Lead Manager:

Bank of New Zealand

Joint Lead Managers:

ANZ Bank New Zealand Limited

Forsyth Barr Limited

Jarden Securities Limited

Craigs Investment Partners Limited

Tom Robertson

Treasury and Risk Manager, Infratil

Phone: +64 4 550 5432

Email: tom.robertson@hrlmorrison.com