Infratil Ltd has conditionally sold its 50% interest in the Australian National University’s purpose-built student accommodation concession to 2 AMP Capital Ltd funds after failing to broaden the platform.
Infratil Ltd announced a strategic review yesterday of its investment in the student accommodation concession granted by the Australian National University, based in Canberra.
Infratil Ltd has allotted just under $180 million worth of the 2 bond issues totalling up to $250 million it announced in September.
Infratil Ltd is considering making a new offer of unsecured unsubordinated bonds in 2 separate series in December, the first a 6-year bond and the second a 10-year bond.
The Australian National University in Canberra awarded Infratil Ltd & the Commonwealth Superannuation Corp a 30-year concession on Wednesday for the net rental revenue from 9 on-campus purpose-built student accommodation residences.
Z Energy Ltd shares went into a trading halt overnight pending completion of a bookbuild for Infratil Ltd to sell its whole 20% of the company and the NZ Superannuation Fund to sell 9.725%.