Infratil Ltd has allotted just under $180 million worth of the 2 bond issues totalling up to $250 million it announced in September.
One of the 2 separate series of unsecured unsubordinated bonds is a 6-year bond and the second a 10-year bond.
The $250 million maximum is made up of an aggregate $125 million plus the same sum in oversubscriptions.
Infratil has $111 million of bonds maturing on 15 November, and NZ-resident holders of those bonds will be able to exchange maturing bonds for new ones, subject to availability.
The shorter of the new bonds will mature on 15 December 2024 and the second on 15 December 2028.
Infratil will allot the balance of the bonds under the general offer today, and follow up with allotments under the exchange offer on 15 November.
26 September 2018: Infratil considers $250 million of bond offers
Attribution: Company release.