IFT
15/10/2015 16:03
GENERAL
NOT PRICE SENSITIVE
REL: 1603 HRS Infratil Limited
GENERAL: IFT: IFT210 Reinvestment Offer and New Closing Date
Infratil Infrastructure Bonds due 15 September 2023 - Reinvestment Offer and
New Closing Date
On 1 October 2015 Infratil announced the opening of an offer of
Infrastructure Bonds which mature on 15 September 2023 and pay a quarterly
coupon of 5.25% per annum ("2023 Bonds").
Infratil has now decided to extend the offer to allow holders of existing
Infrastructure Bonds that mature on 15 November 2015 ("2015 Bonds") the
opportunity to reinvest some or all of their 2015 Bonds in the new 2023 Bonds
("Reinvestment Offer").
The Reinvestment Offer is being made in response to indications of interest
from holders of 2015 Bonds. Details of how to apply for 2023 Bonds under the
Reinvestment Offer are set out in a letter which has been sent to holders of
2015 Bonds, a copy of which is attached. The closing date for the
Reinvestment Offer is 5.00pm on 27 October 2015 and the issue date for 2023
Bonds issued under the Reinvestment Offer will be 16 November 2015.
To facilitate the Reinvestment Offer, Infratil is extending the closing date
for the general offer of the 2023 Bonds to 13 November 2015 and adding a
third issue date for 2023 Bonds issued under the general offer on 16 November
2015 (although Infratil may choose to close the offer early at its
discretion). While we hope to avoid it, it is possible that there could be
scaling in respect of the reinvestment offer.
The key terms of the 2023 Bonds are set out in the terms sheet dated 1
October 2015 ("Terms Sheet"), which is available from
http://www.infratil.com/for-investors/bonds/. Details on how to apply for
2023 Bonds under the general offer are set out in the Terms Sheet and you
must have received a copy of that document before applying for 2023 Bonds.
Application has been made to NZX for permission to quote the 2023 Bonds on
the NZX Debt Market and all the requirements of NZX relating thereto that can
be complied with on or before the date of this announcement have been duly
complied with. However, NZX accepts no responsibility for any statement in
this announcement. NZX is a licensed market operator, and the NZX Debt Market
is a licensed market, each regulated under the Financial Markets Conduct Act
2013.
Further information is available on Infratil's website or by contacting:
Fiona Cameron (Infratil) 04 473 3663.
End CA:00271819 For:IFT Type:GENERAL Time:2015-10-15 16:03:35
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