ISSUE PRICE: $1.00 per Bond
INTEREST PAYMENTS: 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. Interest will be paid to the original subscriber
MINIMUM APPLICATION: $5,000 and multiples of $1,000
INTEREST SUSPENSION AND DIVIDENED STOPPER: Infratil may suspend the payment of interest where an Interest Suspension Event exists. If suspended:
a) interest will continue to accrue (without compounding) and will be paid by Infratil when the Interest Suspension Event ceases to exist; and
b) 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
JOINT LEAD MANAGERS: ANZ, BNZ, Deutsche Craigs, Forsyth Barr and Jarden,
Brokerage: Applicants are NOT required to pay brokerage for Infrastructure Bonds under this Offer.
OPENING DATE: Monday, 20 August 2019
CLOSING DATE: 5.00pm, Friday 20 September 2019
ISSUE/ALLOMENT DATE: 20 September 2019 and 24 September 2019
EXPECTED QUOTATION DATE: 20 September 2019