Infratil Limited (ASX:IFT) has announced a coupon rate reset on its Perpetual Infratil Infrastructure Bonds (PiiBs), setting the rate at 5.06% per annum for the period 15 November 2026 to 15 November 2027, payable quarterly in arrear.
Key Points
- The PiiB coupon rate has been reset to 5.06% per annum effective 15 November 2026
- The rate applies until the next reset date of 15 November 2027
- Coupon payments are made quarterly in arrear
- The rate equals the One Year Swap Rate (for quarterly payments) on 13 November 2026, plus a margin of 1.50% per annum
Perpetual Infratil Infrastructure Bond Rate Reset Details
According to the filing dated 13 November 2026, Infratil Limited has reset the coupon rate on its Perpetual Infratil Infrastructure Bonds. The new rate of 5.06% per annum will apply from 15 November 2026 through to 15 November 2027, which is the next scheduled reset date. Payments under the bonds are made quarterly in arrear, as disclosed in the company update. The reset was carried out in accordance with the bond's established terms, which link the coupon rate to a specified market benchmark plus a fixed margin.
Coupon Rate Calculation Methodology
The filing states that the 5.06% per annum coupon rate is calculated as the sum of the One Year Swap Rate applicable for quarterly payments, as observed on 13 November 2026, and a fixed margin of 1.50% per annum. The company did not disclose the specific One Year Swap Rate figure recorded on that date, nor did it provide further detail on how the swap rate is sourced or verified. The margin of 1.50% per annum forms a fixed component of the total coupon rate under the bond terms.
Authorisation and Filing
The company disclosure was authorised for release by Brendan Kevany, Infratil Company Secretary. The filing was lodged on 13 November 2026 and relates solely to the annual coupon rate reset for the Perpetual Infratil Infrastructure Bonds. Infratil Limited is incorporated in New Zealand and is listed on the ASX under the ticker IFT. No additional information regarding the bonds, including outstanding principal or the total number of bonds on issue, was disclosed in this filing.




Please wait processing your request...