skip to log on skip to main content

Fixed Income and Debt Securities

Did you know you can register for our email notification service to stay informed about the latest fixed income and debt securities issues as they arise? If you are interested please contact us on 0800 269 476 or email enquirynewissues@anz.com

Current opportunities

Infratil Limited - Unsecured Unsubordinated Infrastructure Bonds

Infratil Limited (Issuer) has announced an offer (Offer) of up to NZ$50 million unsecured unsubordinated Infrastructure Bonds (Bonds) maturing on 15 March 2026 with the ability to accept NZ$75 million oversubscriptions at the Issuer’s discretion.  The 2026 Offer comprises both a General Offer and an Exchange Offer.

The Exchange Offer, made to holders of the IFT200, is now closed, only General Offer applications are available.

Issuer name

Infratil Limited

Key dates

Opening Date: 22 October 2019
Closing Date: 13 February 2020

Offer details

Infratil Limited (Issuer) has announced an offer (Offer) of up to NZ$50 million unsecured unsubordinated Infrastructure Bonds (Bonds) maturing on 15 March 2026 with the ability to accept NZ$75 million oversubscriptions at the Issuer’s discretion.  The 2026 Offer comprises both a General Offer and an Exchange Offer.

The Exchange Offer is now closed, only General Offer applications are available.

The information above highlights what ANZ Bank New Zealand Limited (ANZ) understands to be the key terms of the Offer. 

Full details of the Offer are set out in the Terms Sheet (Offer Document) available in the Offer Documents section above, and which you are strongly advised to read.

Interest rate

The interest rate for the Bonds maturing on 15 March 2026 will be fixed at 3.35% p.a. until the maturity date.

Key dates*

Opening date: 22 October 2019
2026 General Offer closing Date: 13 February 2020

*indicative only, subject to change

Who can invest in the Offer?

Only investors who are New Zealand residents can participate in the Offer.

If you would like to become a Direct Broking client, please complete an account opening form: 

Go to ANZ Share marketing investing page to obtain the Application Form.

 

 

How ANZ can help you invest in the offer?

To invest in either of the Offer, you need to request a firm allocation of Bonds. 

Contact us by:

Firm allocation request

A firm allocation request means you have an obligation to purchase Bonds that may be allocated to you up to or equal to the dollar amount requested in your firm allocation request.  

The Issuer has set aside an allocation for us to distribute. If you would like a firm allocation please contact us as soon as possible. There is no fixed time that requests for a firm allocation need to be made. But timing is important; we will distribute our firm allocation of Bonds on a first come first served basis.

By submitting a firm allocation request you:

  • acknowledge and agree that ANZ will assist you with your firm allocation request including:
    • informing Direct Broking of your firm allocation request (if you are a Direct Broking customer);
    • informing you whether you have a firm allocation of the Bonds; and 
    • providing instructions to you on how you will be able to settle the purchase of any Bonds allocated to you;
  • acknowledge you may not receive Bonds up to or equal to the dollar amount you request or any Bonds at all;
  • confirm you have read the relevant Offer Document;  and
  • confirm you are a New Zealand resident.

We expect to be able to advise you of your allocation (if any) of Bonds as soon as you contact us to request a firm allocation.

How to settle and pay for your firm allocation

Once we confirm you have a firm allocation, you will need to complete the application form and send it to us.

Option 1: Deliver scanned copies by email

  • we only accept a scanned application form if you are paying by direct debit (refer to the application form for details)
  • email your application form to newissues@anz.com before the closing date.
  • the emailed application form must be in PDF format
  • if you scan and email your application form do NOT also post it to us. Please use one method only

Option 2: Deliver by post

  • if not paying by direct debit, attach a cheque made payable to Infratil Bond Offer and crossed “Not Transferable” (refer to the application form for details
  • return your completed application form, with valid payment, to ANZ Markets, ANZ Bank New Zealand Limited, Level 10, ANZ Centre, 171 Featherston Street, PO Box 540, Wellington 6140, for the attention of David Speight and Andrew Mackinder to be received before the closing date.

(Please note we are experiencing significant delays with the mail. Our preferred option is to receive your application by email).

Disclosures and statements

ANZ will be paid commission on the dollar amount of Bonds allocated to you that are accepted by the registry bearing our ’stamp‘. No fees are payable by you.

This communication has been prepared independently of the Issuer.

The Offers are only being made in New Zealand.  Nothing in this communication should be construed as an offer of securities in any jurisdiction other than New Zealand.

ANZ may have an interest in the Issuer and the bonds as follows:

  • it may also receive an arranger fee, a joint lead manager fee or other fee(s) in relation to either offer; and
  • it may receive fees from customers for buying or selling bonds and their staff and introducers of business may share in such fees or receive a bonus that may be influenced by total sales; and
  • it may provide banking products and services (including lending facilities) to the Issuer.

You should read the Important information below.

ANZ Bank New Zealand Limited is acting as a Joint Lead Manager (JLM) and Jarden Securities Limited is acting as a JLM in relation to the offer.

This webpage does not constitute a recommendation by ANZ Bank New Zealand Limited or Jarden Securities Limited or its directors, officers, employees, agents or advisers (together respectively ANZ and Jarden) to invest in any Bonds.

The role of JLM is to assist with the marketing and distribution of the Bonds but it is not otherwise involved in the Offers.

Neither ANZ nor Jarden as JLM’s have been involved in preparing the either of the relevant Offer Documents and have not independently verified the content.

While ANZ and/or Jarden may have liability for any breach of their obligations under the Financial Markets Conduct Act 2013, neither ANZ nor Jarden accept any separate liability to any person in respect of the Offers, the Offer Documents or the information in this webpage from the Offer Documents.

You must make your own independent investigation and assessment of the financial condition and affairs of the Issuer and the Offers before deciding whether or not to invest in any Bonds.  You should not invest in the Bonds unless you understand and accept the terms, conditions and risks of the offer and you are satisfied it is suitable for your objectives, financial situation and needs.

You acknowledge and agree that the ANZ website terms of use and the ANZ website security and privacy statement apply.

ANZ and Jarden have a strategic alliance.  This alliance includes providing access to Jarden’s Direct Broking investment platform.  If you have any questions in relation to the Direct Broking investment platform, please phone 0800 800 372.