What are the Perpetual Infratil Infrastructure Bonds?
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.