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What are the Perpetual Infratil Infrastructure Bonds?

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What are the Perpetual Infratil Infrastructure Bonds?

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Perpetual Infratil Infrastructure Bonds (PIIBs), are unsecured bonds which do not have a maturity date. In other words, Infratil has no obligation to repay them. This means that, similar to a share, if a Bondholder wishes to cash up their investment they must sell the PIIBs. Infratil Bonds trade on the NZX.

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