Infratil raises $20m

Infratil's issue of February 2020 bonds has raised $20 million.

Infratil undertook the issue to test investor interest in 15-year bonds. The result was "gratifying".

In November, Infratil has $49.4 million of bonds maturing and is reviewing its options regarding this funding. Infratil said those bondholders might be able to roll-over their investments, but market factors and alternative options would be canvassed.