.jpg)
New Zealand Exchange Limited (NZX) is pleased to welcome $200 million of Redeemable Optionally Adjustable Distributing Securities (ROADS) to the NZDX Market today for Works Infrastructure Finance (NZ) Limited.
Works Infrastructure Limited (Works) is part of the Downer group, listed on the NZX and ASX, a provider of engineering and infrastructure management services to the public and private transport, energy, communications and resources sectors in New Zealand, Australia, Asia-Pacific and the United Kingdom.
Works originated as part of the New Zealand Government’s Public Works Department, which was established in 1870, and has operated continuously in New Zealand for over 130 years. Works has built and maintained a significant portion of New Zealand’s public infrastructure including roads, bridges, railways, hydro-electricity systems and parks.
NZX Markets Development Manager, Geoff Brown said, “It is great to see another fully subscribed offer on the NZDX Market, enabling growth opportunities for investors and companies alike.
“This is an opportunity for investors to get a stake in New Zealand’s burgeoning infrastructure sector, which looks set to grow significantly in the coming years. It is encouraging to see an existing equity issuer use the NZDX Market as an alternative of funding option,” said Brown.
The debt securities were quoted on the NZDX Market under the security code WKS010 from 10am today.
