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- Release Date: 03/04/14 18:45
- Summary: GENERAL: AIA: AIAL Wholesale floating rate bond issue
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AIA
03/04/2014 16:45
GENERAL
REL: 1645 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL Wholesale floating rate bond issue
Auckland Airport has today raised $150 million which will be used to
partially fund the company's $454 million return of capital to shareholders
on 14 April 2014.
Simon Robertson, Auckland Airport's chief financial officer, says, "Today's
successful wholesale floating rate bond issue was the first step in financing
our capital return."
"The floating rate bonds have a term of three years and a margin of 60 basis
points. The offer was made only to New Zealand investment institutions."
"While the floating rate bond was not a public offer, we are considering
undertaking a public bond offer as a next step in refinancing the bridge
facilities we put in place to fund our capital return," says Mr Robertson.
Ends
Investors:
For further information please contact:
Campbell De Morgan
+64 9 255 9089
+64 27 478 3243
[email protected]
End CA:00249106 For:AIA Type:GENERAL Time:2014-04-03 16:45:09
