Ann: LISTING: WIA: WIAL announces bond offer to N

• Release Date: 10/10/13 17:38
• Summary: LISTING: WIA: WIAL announces bond offer to NZ investors
• Price Sensitive: No
• Download Document  2.99KB

					WIA
10/10/2013 15:38
LISTING

REL: 1538 HRS Wellington International Airport Limited

LISTING: WIA: WIAL announces bond offer to NZ investors

Wellington International Airport Limited (WIAL) today announced an offer of
up to NZ$50 million of bonds to the public (Bonds), with the option to accept
oversubscriptions of up to an additional NZ$25 million.

The offer will open on 24 October 2013 and close on 11 November 2013.

The Bonds will have an interest rate of 6.25% p.a. and will have a maturity
date of 15 May 2021. The minimum application amount in respect of the Bonds
is $10,000 and in multiples of $1,000 thereafter.

WIAL's Chief Financial Officer, Martin Harrington said that the issue is to
partially refinance the forthcoming maturity of retail bonds on 15 November
2013 and that existing investors will be given the opportunity to reinvest in
the new Bonds.

The Bonds are direct, unsecured, unsubordinated, fixed rate debt obligations
of WIAL. WIAL is rated 'BBB+' positive outlook by Standard & Poor's.
Interest will be paid semi-annually, with the first interest payment to be
made to the initial subscriber.  The first interest payment for the Bonds
will reflect the number of days from (and including) the date on which
subscription moneys are banked into the trust account operated in respect of
the Bonds until (but excluding) the first interest payment date, which is
scheduled to occur on 15 May 2014.

ANZ Bank New Zealand Limited (ANZ), First NZ Capital Securities Limited,
Forsyth Barr Limited and Westpac Banking Corporation, acting through its New
Zealand Branch have been appointed Joint Lead Managers to the offer of the
Bonds.

All applications will be accepted on a first come first served basis, so
interested parties will be encouraged to submit applications as soon as
possible after the opening date.

Applications for the Bonds can only be made using the application form
included in the registered simplified disclosure prospectus for the Bonds
(SDP). Investors should contact the Joint Lead Managers or their financial
advisor to request a copy of the SDP or request an allocation of the Bonds.
A copy of the SDP can also be found at www.wellingtonairport.co.nz/bondoffer.

For further information contact the Joint Lead Managers at:

oANZ:  0800 269 296 or at www.anz.co.nz/ipo
oFirst NZ Capital 0800 005 678
oForsyth Barr 0800 367 227 or at www.forsythbarr.co.nz
oWestpac 0800 942 822

Application has been made to NZX Limited ("NZX") for permission to quote the
Bonds on the NZX Debt Market and all the requirements of NZX that can be
complied with on or before the date of this announcement have been complied
with. However, NZX accepts no responsibility for any statement contained
herein.

Requesting an allocation of Bonds is no guarantee of Bonds. No applications
for Bonds will be accepted or money received unless the subscriber has
received the SDP.

Media contact:
Greg Thomas
Phone: 64 21 430 435
Email: [email protected]
End CA:00242225 For:WIA    Type:LISTING    Time:2013-10-10 15:38:46