The bonds are unsecured, unsubordinated debt securities of Infratil. Unlike each previous series of Infrastructure Bonds, the Infrastructure Bonds offered in this series are not convertible into shares in Infratil in any circumstances.
There are 2 parts to the offer. The first part is a General Offer of up to $25 million of Infrastructure Bonds to all investors in New Zealand (with the option to accept up to $50million oversubscriptions). The second part is an Exchange Offer to existing holders of the Infrastructure Bonds maturing on 15 November 2011.
Got to Infratil infrastructurebonds2017 prospectus for more information.

NZD Exchange Rates
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