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Asia

New Zealand Shares Rise; Infratil Allocates AU$200 Million of Capital Bonds Under Offer

New Zealand shares ended higher on Friday, while most Asian shares saw a sell-off as a peace deal in the Middle East remains elusive.The S&P/NZX 50 Index rose 0.46%, or 60.36 points, to close at 13,161.97.The Lebanon-based Hezbollah has rejected a new ceasefire on Thursday, and Israel said it will not withdraw its troops from Lebanon, according to a Thursday Reuters report.In domestic news, New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions.Spark New Zealand (NZE:SPK, ASX:SPK) launched Verified Call, a feature that helps customers identify legitimate Spark calls by displaying the company's name, logo, a verified badge, and the reason for calling on the mobile phone screen before picking up.

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Asia

Infratil Allocates AU$200 Million of Capital Bonds Under Offer

Infratil (ASX:IFT, NZE:IFT) said its capital bond offer closed after it allocated AU$200 million of unsecured, subordinated, repayable, cumulative, interest-bearing capital bonds maturing on June 15, 2057, including AU$50 million of oversubscriptions, according to a Friday Australian bourse filing.The margin for the bonds was set at 1.6% per annum. The bonds are expected to be issued on June 15 and quoted on the NZX Debt Market on June 16.

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Asia

New Zealand Shares Fall; Vector to Retain Ownership of Fibre Business Following Strategic Review

New Zealand shares ended lower on Tuesday as investors questioned the durability of the Middle East ceasefire.The S&P/NZX 50 Index fell 0.56% or 73.84 points to close at 13,170.71.The New Zealand exchange was closed for trading on Monday.Lebanon on Monday declared a partial ceasefire between Hezbollah and Israel, but hostilities continued on Monday evening in southern Lebanon, according to a Monday Reuters report.In domestic news, New Zealand's highly concentrated grocery industry saw only minor observable change in core competition metrics over the course of 2025, with the country's top grocery retailers maintaining a combined market share of 82%, New Zealand's Commerce Commission said.In corporate news, Vector (NZE:VCT) decided to retain ownership of its Fibre business following a strategic review.Infratil (NZE:IFT, ASX:IFT) launched an offer of up to NZ$150 million of unsecured, subordinated capital bonds due 2057 to investors in New Zealand.

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Asia

NZX Midday Sector Update: Retail Trade Shares Rise, Finance Declines

Retail trade shares gained the most on New Zealand's Exchange, rising past 1% by midday Tuesday.Shares of Green Cross Health (NZE:GXH) surged 40% in recent trade.The company on Tuesday said it has entered into a conditional agreement to sell its medical division, The Doctors, to Tend Health for NZ$270 million, subject to adjustments for net debt and working capital.Meanwhile, the finance sector declined by more than 2%.Infratil (NZE:IFT, ASX:IFT) was down almost 1% in recent trade after the company said it launched an offer of up to NZ$150 million of unsecured, subordinated capital bonds due 2057 to investors in New Zealand.

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Asia

Infratil Opens Up to NZ$150 Million Capital Bonds Offer

Infratil (NZE:IFT, ASX:IFT) launched an offer of up to NZ$150 million of unsecured, subordinated capital bonds due 2057 to investors in New Zealand, according to Tuesday filings with the Australian and New Zealand bourses.The interest will be fixed for an initial six-year period after which it will reset on June 15, 2032, and every five years after that. The indicative margin range for the issuance is 1.60% to 1.75% per year.The offer is expected to close on June 5, and the cumulative bonds are expected to be issued June 15.The company said it may repay some or all of the bonds early under certain circumstances.The company's Kiwi shares were down nearly 1% in recent Tuesday trade.

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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Winton Land (NZE:WIN): -5%, NZ$1.62Manuka Resources (NZE:MKR): -4%, NZ$0.13a2 Milk Company (NZE:ATM): -4%, NZ$6.44Henderson Far East Income (NZE:HFL): -2%, NZ$6.13Channel Infrastructure NZ (NZE:CHI): -2%, NZ$3.17The Warehouse Group (NZE:WHS): -2%, NZ$0.62Gentrack Group (NZE:GTK): -2%, NZ$3.57Vista Group International (NZE:VGL): -2%, NZ$2.57Infratil (NZE:IFT): -1%, NZ$15.66The Colonial Motor Company (NZE:CMO): -1%, NZ$6.90

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Asia

Infratil Flags Potential for Divestments for Further NZ$1 Billion, Shares Fall 6%

Infratil (ASX:IFT, NZE:IFT) said there was potential for divestments for a further NZ$1 billion or more over the medium term as it assesses the growth outlook and scale opportunities of its existing assets, according to filings with both the Australian and New Zealand bourses.A sale process is currently underway for its stake in Australian medical imaging provider Qscan.It also plans to lodge a product disclosure statement for an inaugural offering of capital bonds on Tuesday.Its shares fell over 6% on the New Zealand bourse in recent trading on Tuesday and over 5% on the Australian bourse.

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Asia

Infratil's Fiscal 2026 Total Proportionate EBITDAF Meets Expectations, Jefferies Says

Infratil's (ASX:IFT, NZE:IFT) fiscal 2026 total proportionate earnings before interest, tax, depreciation, amortization, and fair value adjustments (EBITDAF) of NZ$919.3 million was in line with consensus of NZ$918.3 million, Jefferies said in a note on Tuesday.The company's EBITDAF increased 170% in the fiscal year with contributions from new projects completed in March and April 2025. Development EBITDAF losses of NZ$70 million was better than expected.Infratil swung to a profit of NZ$0.558 per share in fiscal 2026 from a loss of NZ$0.315 a year earlier. Revenue for the 12 months ended March 31 was NZ$3.04 billion, compared with NZ$2.86 billion a year earlier.The investment firm retained its buy rating on Infratil and its price targets of AU$14.40 and NZ$17.30.Infratil's Australian and New Zealand shares were each down 6% in recent Tuesday trade.

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Asia

Update: Infratil Swings to Fiscal 2026 Profit, Posts Higher Revenue; Shares Fall 5%

(Updates to add stock movement in the headline and last paragraph)Infratil (ASX:IFT, NZE:IFT) reported Tuesday that it swung to a profit of NZ$0.558 per share in the fiscal 2026 from a loss of NZ$0.315 a year earlier.Revenue for the 12 months ended March 31 was NZ$3.04 billion, compared with NZ$2.86 billion a year earlier. Analysts surveyed by FactSet expected NZ$3.39 billion.The company expects fiscal 2027 proportionate operational earnings before interest, tax, depreciation, amortization, and fair value adjustments of NZ$1.3 billion to NZ$1.4 billion, up 21% at the midpoint from NZ$1.11 billion in fiscal 2026 on a like-for-like basis, with proportionate capital expenditure of NZ$3.8 billion to NZ$4.4 billion.The board declared a final dividend of NZ$0.1365 per share, up from NZ$0.1325 a year earlier, payable June 29 to shareholders on record as of June 10.The company's shares fell 5% on both the New Zealand and Australian exchanges in Tuesday's trading session.

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Asia

Infratil Swings to Fiscal 2026 Profit, Posts Higher Revenue

Infratil (ASX:IFT, NZE:IFT) reported Tuesday that it swung to a profit of NZ$0.558 per share in the fiscal 2026 from a loss of NZ$0.315 a year earlier.Revenue for the 12 months ended March 31 was NZ$3.04 billion, compared with NZ$2.86 billion a year earlier. Analysts surveyed by FactSet expected NZ$3.39 billion.The company expects fiscal 2027 proportionate operational earnings before interest, tax, depreciation, amortization, and fair value adjustments of NZ$1.3 billion to NZ$1.4 billion, up 21% at the midpoint from NZ$1.11 billion in fiscal 2026 on a like-for-like basis, with proportionate capital expenditure of NZ$3.8 billion to NZ$4.4 billion.The board declared a final dividend of NZ$0.1365 per share, up from NZ$0.1325 a year earlier, payable June 29 to shareholders on record as of June 10.

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Asia

New Zealand Shares Fall; Infratil Agrees to Cut Stake in Contact Energy in Over NZ$495 Million Block Trade

New Zealand shares ended lower on Wednesday amid broad-based losses in Asian shares as inflation fears drove bond yields higher.The S&P/NZX 50 Index fell 1.64% or 213.29 points to close at 12,761.03.The 10-year US Treasury rose to 4.663%, while the 30-year yield climbed to ​5.182%.In domestic news, a total of 12,972 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 12,245 MT to 16,233 MT, according to data from the trading platform.Further, New Zealand's housing market continued losing momentum in April, with sales volumes down 9% year on year and activity across the first four months of the year around 5% below the same period last year, Cotality NZ said in a report.Also, the mean one-year-ahead expected inflation in New Zealand was 5.6% in the June quarter, up from 5.2% in the previous quarter, while the perception of current inflation came in at 7.5%, according to a survey by the Reserve Bank of New ZealandMeanwhile, the Reserve Bank of New Zealand is expected to make no change to the official cash rate on May 27, leaving it steady at 2.25%, with a 50/50 chance of a rate hike in July, ANZ said in a note.In corporate news, Infratil (ASX:IFT, NZE:IFT) agreed to sell 53.5 million shares in Contact Energy (ASX:CEN, NZE:CEN), representing 5% of the utility's issued share capital, via a fully underwritten block trade priced at NZ$9.25 per share, with the deal expected to raise about NZ$495.2 million.Vista Group International (ASX:VGL, NZE:VGL) has secured a six-year agreement with Cinepolis to transition its Mexican circuit to the Vista Cloud operational excellence platform.

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Asia

Infratil Agrees to Cut Stake in Contact Energy in Over NZ$495 Million Block Trade

Infratil (ASX:IFT, NZE:IFT) agreed to sell 53.5 million shares in Contact Energy (ASX:CEN, NZE:CEN), representing 5% of the utility's issued share capital, via a fully underwritten block trade priced at NZ$9.25 per share, with the deal expected to raise about NZ$495.2 million, according to a Wednesday filing with the New Zealand and Australian bourses.Infratil will retain a 9.08% stake in Contact Energy after the sale and will hold the remaining shares until at least Contact's fiscal 2026 results release in August, the filing said.The transaction is expected to be completed on May 25, the filing added.

ASX:CENASX:IFTNZE:CENNZE:IFT
Asia

New Zealand Shares Rise; Infratil Unit Secures 555-Megawatt Contract

New Zealand shares ended higher on Wednesday as all Asian indexes rose amid rising hopes of peace between the US and Iran.The S&P/NZX 50 Index rose 0.84% or 109.49 points to close at 13,145.19.US President Donald Trump said on Tuesday he would temporarily halt an operation escorting ships through the Strait of Hormuz, citing "great progress" in talks toward a broad agreement with Iran, according to a Tuesday Reuters report.Asian indexes were also helped by Tuesday's higher Wall Street close, with the Nasdaq Composite rising 1%, the S&P 500 gaining 0.8%, and the Dow Jones adding 0.7%.In domestic news, the Reserve Bank of New Zealand expects New Zealand's economic recovery to be slower due to the Middle East conflict, which is reducing business profits as higher oil prices cause businesses to invest less and households to save more, according to the central bank's financial stability report.Further, New Zealand's seasonally-adjusted unemployment rate fell to 5.3% in the March quarter from 5.4% in the December 2025 quarter, data from Stats NZ showed.Also, Data from New Zealand's labor market surveys is supportive of its forecast of a 0.8% rise in gross domestic product (GDP) for the March quarter, Westpac said.Finally, a total of 13,743 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 13,068 to 17,289 MT, according to data from the trading platform.In corporate news, Infratil (ASX:IFT, NZE:IFT) said its CDC Data Centres business has signed a 30-year agreement with an unnamed US investment-grade client for 555 megawatts of capacity.Ventia Services Group (ASX:VNT, NZE:VNT) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on April 30.

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Asia

Infratil Says CDC Data Centres Secures 555-Megawatt Contract

Infratil (ASX:IFT, NZE:IFT) said its CDC Data Centres business has signed a 30-year agreement with an unnamed US investment-grade client for 555 megawatts of capacity, according to Wednesday filings with the New Zealand bourse.The capacity will be delivered across campuses coming online in fiscal 2028 to fiscal 2029, with options to extend the deal by up to 20 years, per the filing.CDC expects its fiscal 2027 guidance to remain unchanged at AU$680 million to AU$720 million for earnings before interest, taxes, depreciation, amortization, and fair value changes (EBITDAF), with projected capital expenditure of AU$3.8 billion to AU$4.2 billion to support expansion, the filing said. It anticipates EBITDAF to exceed AU$1 billion by fiscal 2028 and reach around AU$2 billion annually at full deployment of the contract.CDC plans to fund growth through existing cash, debt facilities, and hybrid financing without requiring additional equity beyond the recent AU$500 million shareholder contribution, the filing added.

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Wire

Infratil Says Moody's Assigns CDC Data Centers 'Baa2' Rating, Stable Outlook

Infratil (NZE:IFT, ASX:IFT) said Moody's Ratings has assigned CDC Data Centers Australia its first public investment grade credit rating of "Baa2" with a stable outlook, according to Tuesday filings with the Australian and New Zealand bourses.The rating reflects CDC's strong financial position, stable long-term contracted revenues, and exceptionally long lease durations averaging 28.4 years, per the filing.The rating will enable CDC to improve access to capital markets, supporting further large-scale infrastructure development driven by rising demand from government, hyperscale cloud providers, and critical industries, the filing added.The company's Kiwi shares shed 1% in recent Tuesday trade.

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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Mercury NZ (NZE:MCY): -1%, NZ$6.60Freightways Group (NZE:FRW): -1%, NZ$12.28Infratil (NZE:IFT): -1%, NZ$12.03Contact Energy (NZE:CEN): -1%, NZ$9.39Meridian Energy (NZE:MEL): -0.7%, NZ$5.66Summerset Group Holdings (NZE:SUM) -0.5%, NZ$8.55Port of Tauranga (NZE:POT): -0.5%, NZ$7.93Fisher & Paykel Healthcare (NZE:FPI): -0.3%, NZ$38.36

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