Infratil (NZE:IFT, ASX:IFT) closed its firm offer of six-year unsecured, unsubordinated, fixed-rate infrastructure bonds, with an allocation of NZ$75 million new bonds, according to a Tuesday filing with the New Zealand and Australian bourses.
This includes NZ$25 million of oversubscription, the filing said. The issue margin is at 2.25% per annum.
The interest rate will be announced at a later time on Tuesday.
The company's shares slipped almost 1% in recent Tuesday trade in New Zealand.
Price (AUD): $12.76, Change: $-0.08, Percent Change: -0.62%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.