Infratil Limited (“IFT270”) bonds – Trading Halt
Memorandum
To: Market Participants
From: NZX Product Operations
Date: Wednesday, 29 November 2023
Subject: Infratil Limited (“IFT270”) bonds – Trading Halt
Message:
NZX Operations (“NZXO”) advises that the interest rate on the Infratil Limited infrastructure bonds due 15 December 2028 ("IFT270") will reset on 15 December 2023. The interest rate on IFT270 for the period from (but excluding) 15 December 2023 until the Maturity Date will be the sum of the Five Year Swap Rate on 15 December 2023 plus a margin of 2.50% per annum.
In order to update the reset date in NZX systems, NZXO will place an operational trading halt on IFT270 from market close on Friday, 1 December 2023. The operational trading halt will be lifted at close of business on Friday, 15 December 2023.
A timetable of events is attached.
Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com with any queries.
ENDS