My daughter just got an interesting offer from IFT.
Was to swap her IFT140 (8.25%, 15/05/2011) for IFT150 (8.5%, 15/06/2016).
Gives her another 5 years at 8.5%.
But Infratil won't have to stump up cash at maturity.
What does the team think it all means ?
Bookmarks