Infrastructure investor Infratil is potentially issuing a five year bond as it reports an after-tax profit of $43 million for the half year finishing September.

See weekly video market update from IRG BOP's Jonathan York below.

This is an increase of $14 million from the same period in 2009.

The Infratil share price on the NZX is on the up in response to this news with it making significant gains in the last two weeks.

On November 3 the price was $1.81 and is now $1.93.