Infratil Bond Offer - May 2017

infratil logoInfratil Limited are offering two series of Unsecured Unsubordinated Infrastructure Bonds to all investors in New Zealand.

  • 2022 Bonds - Maturing 15 December 2022 (~5.5 Years) paying 5.65% per annum

  • 2025 Bonds - Maturingy 15 June 2025 (~8 Years) paying 6.15% per annum.

Issue price is $1.00 per Bond

Interest will be paid quarterly 15 March, 15 June, 15 September and 15 December of each year until and including the Maturity Date.

Interest payable on the first Interest Payment Date will accrue at the Interest Rate from (and including) the date on which your subscription moneys have been banked to (but excluding) the first Interest Payment Date.

The Minimum application is for $5,000 and multiples of $1,000.

NB It is important that you read and understand the terms of the offer before committng to invest, You can download a copy of the Infratil Term Sheet for 2022 and 2025 Infrastructure Bonds by clicking here or reading below.

If you decide you would like to invest you should request a Firm Allocation by ringing us 07 578 3863 before Noon on Monday 12 June 2017.

If we manage to obtain a firm allocation for you, you must provide us with a properly completed Application Form before the Closing Date. If you are having difficulty obtaining the Terms Sheet and Application Form, please contact us and we will endeavour to assist you.

Please note: a Firm Allocation is treated by us as the equivalent of a binding Buy Order (subject to allocation scaling).

INTEREST SUSPENSION AND DIVIDENED STOPPER: Infratil may suspend the payment of interest where an Interest Suspension Event exists. If suspended:

  1. interest will continue to accrue (without compounding) and will be paid by Infratil when the Interest Suspension Event ceases to exist; and
  2. Infratil will not pay or make any distribution to shareholders or provide any financial assistance for the acquisition of shares in Infratil. (Refer Terms Sheet for further information on Interest Suspension Events)

RIGHT TO REDEEM EARLY: Infratil has the right to redeem all or some of the Infrastructure Bonds prior to the Maturity Date. Bondholders have no right of early redemption except following an Early Redemption Event (Refer Terms Sheet for further information)

COVENANT: Borrowed Money Indebtedness of the Issuer Group (Infratil and its 100% owned subsidiaries) will not exceed 50% of Tangible Assets of Infratil and its subsidiaries.

The Bonds are intended to be listed on the NZX Debt Market. Ticker code IFT240 Ticker code IFT250 ISIN: NZIFTD0240L8 NZIFTD0250L7

OPENING DATE: Thursday, 18 May 2017
CLOSING DATE: General Offer 5.00pm, 23 June 2017 Exchange Offer 5.00pm, 12 June 2017
ISSUE/ALLOMENT DATE: General Offer 19 June 2017 and 27 June 2017 Exchange Offer 19 June 2017

Infratil Term Sheet for 2022 and 2025 Infrastructure Bonds



Before you invest in this or any other offer you should read and understand the important information below.

Important Information and Disclaimers

The information contained herein (including in any links) has been prepared by Bay Financial Partners Limited and is based upon information obtained from sources that Bay Financial Partners believes to be reliable. In preparing this document Bay Financial Partners has relied upon and assumed, without independent verification, the accuracy and completeness of all source information. However, the accuracy, reliability and completeness of the information in this document cannot be and is not guaranteed by Bay Financial Partners. Bay Financial Partners will not be liable for any loss arising as a result of the information contained herein not being accurate, reliable or complete.

Investment products involve investment risks, including the potential loss of the principal amount invested. The information contained herein (including in any links) does not constitute a recommendation or opinion on the suitability to your investment objectives of any investment products or any strategy referred to herein. Any such investment may not be appropriate or fit for the purpose for which you may wish to purchase it. Any investment decisions made by you will be based solely on your own evaluation of your financial circumstances and investment objectives. If you are uncertain about any aspect of any investment referred to herein or its implications to you, Bay Financial Partners Limited recommends that you seek expert advice from a financial adviser.

If you wish us to provide you personalised financial advise please ask, there is a legally prescribed process we are required to follow and there will likely be a fee involved.

Nothing in this document is intended to be an offer to sell, or a solicitation of an offer to buy, any product, instrument or investment, to effect any transaction or to conclude any legal act of any kind. Before making an investment decision, recipients should seek independent financial, legal, tax and other relevant advice having regard to their particular circumstances.

Bay Financial Partners Limited and its affiliates may have an interest in the companies and their securities described in this document as follows:

They may receive fees from customers for buying or selling securities of the companies described in this document, and their staff and introducers of business may share in such fees or receive a bonus that may be influenced by total sales.

If this document has been distributed by electronic transmission, such as e-mail, then such transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. Bay Financial Partners Limited and its Affiliates do not accept any liability as a result of electronic transmission of this document.


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The information on this site is intended as a guide only. The information is of a general nature and does not and cannot ever constitute personal advice.
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