Revised Indicative Margin and Minimum Coupon

Revised Indicative Margin and Minimum Coupon

Infratil Limited has announced it has revised the indicative issue margin for its 8-year unsecured, unsubordinated, re-setting fixed rate infrastructure bonds maturing on 15 June 2030.

The new indicative issue margin is 2.00% to 2.10% per annum. The minimum interest rate applicable for the first four-year period has been increased to 5.80%.

Full details of the Infrastructure Bond offer are contained in the attached indicative terms sheet.

An announcement of the actual issue margin and the interest rate for the first four-year period is expected to be made via the NZX on 2 June 2022 following a bookbuild process.

Further information is available on or by contacting a Joint Lead Manager or your usual financial adviser.

Any enquiries should be directed to:

Tom Robertson

Treasury and Risk Manager, Infratil

+64 4 550 5432

Arranger and Joint Lead Manager

Bank of New Zealand

Joint Lead Managers

ANZ Bank New Zealand Limited

Forsyth Barr Limited

Hobson Wealth Partners Limited

Jarden Securities Limited