Quotation Notice - Infratil Limited ("IFT220")
QUOTATION NOTICE: NZX DEBT MARKET
INFRATIL LIMITED (“IFT220”) BONDS
Issuer: Infratil Limited (“IFT”)
Security Code: IFT220
Details of Issue: An offer of unsecured, unsubordinated, fixed rate five year Infrastructure Bonds.
This offer is for up to $100,000,000 (with oversubscriptions of up to $50,000,000) of Infrastructure Bonds in aggregate across both the General Offer and the Exchange Offer and across both IFT220 and IFT230. The maximum aggregate amount of bonds being offered between IFT220 and IFT230 is $150,000,000.
There is no minimum size for either IFT220 or IFT230.
Infratil is offering holders of the Infrastructure Bonds maturing 15 June 2016 (“2016 Bonds”) the opportunity (subject to availability) to exchange some or all of their 2016 Bonds for new Infrastructure Bonds of either IFT220 and/or IFT230 on a one to one basis (“Exchange Offer”).
Opening Date: 20 May 2016
Closing Date: Exchange Offer: 5.00pm, 13 June 2016
General Offer: 5.00pm, 15 June 2016
Interest Rate: 4.90% per annum
Maturity Date: 15 June 2021
Issue/Allotment Date: General and Exchange Offer: 16 June 2016
General Offer: 20 June 2016
Interest Payment Dates: 15 March, 15 June, 15 September and 15 December of each year until and including the Maturity Date
Date of First Interest Payment: 15 September 2016
First Interest Paid To: Original Subscriber
Record Date: 10 calendar days before the due date for that payment or, if that day is not a Business Day, the preceding Business Day
Minimum Application Amount: $5000 and multiples of $1000 thereafter (unless a holder of 2016 Bonds is exchanging all of his/her 2016 Bonds).
Minimum Holding: $5000
Minimum Amount Transferrable: Infratil may refuse to register a transfer if the transfer would result in the transferee holding less than 5,000 Bonds
Face Value: $1.00 per Bond
Supervisor Name: Trustees Executors Limited
Organising Participant: Forsyth Barr Limited
Lead Managers: ANZ Bank New Zealand Limited, Deutsche Craigs Limited, First NZ Capital Securities Limited, Forsyth Barr Limited, Westpac Banking Corporation (acting through its New Zealand Branch)
Trust Deed Dated: 11 November 1999 (as amended) and Series Supplement dated 19 May 2016, Terms Sheet dated 20 May 2016
Registrar: Link Market Services Limited (“LNKT”)
Settlement Status: NZCDC Settlement System
Expected Commencement of Trading on the NZX Debt Market: 16 June 2016
Chief Executive Officer
8 June 2016