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- Release Date: 12/05/14 11:26
- Summary: GENERAL: AIA: Auckland Airport considers public fixed rate bond issue
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AIA
12/05/2014 09:26
GENERAL
REL: 0926 HRS Auckland International Airport Limited
GENERAL: AIA: Auckland Airport considers public fixed rate bond issue
Market Release l 12 May 2014
Auckland Airport considers public fixed rate bond issue
Auckland International Airport Limited ("Auckland Airport") announced today
that it is considering offering up to NZ$150 million of fixed rate bonds to
the public.
Simon Robertson, Auckland Airport's chief financial officer, says, "The
proceeds from the public bond issue would be used to partially refinance our
$454 million capital return as well as other general corporate purposes, and
would follow last month's $150 million successful floating rate bond issue to
wholesale investors."
"Full details of the bond issue will be released around 19 May, however we
expect the bonds to have a seven year maturity and be unsecured and
unsubordinated. Their issue will be undertaken in reliance on the exclusion
in clause 19 of schedule 1 of the Financial Markets Conduct Act 2013 and we
expect the bonds to be quoted on the NZX Debt Market*."
"ANZ Bank New Zealand Limited has been appointed as Lead Manager for the bond
offer. Deutsche Craigs Limited and Forsyth Barr Limited have been appointed
as Co-Managers."
"With the bond offer expected to open within the next two weeks, we are now
seeking preliminary indications of interest. Investors can register their
interest in the bonds by contacting their normal financial advisor or the
Lead Manager or Co-Managers."
"Any indication of interest will not give rise to an obligation or commitment
of any kind. Auckland Airport is not currently seeking money and no money
will be accepted until the offer has opened."
Contact information for the Lead Manager and Co-Managers are:
ANZ: 0800 269 476
Deutsche Craigs: 0800 226 263
Forsyth Barr: 0800 367 227
* Application has been made to NZX Limited for permission to quote the bonds
on the NZX Debt Market and all the requirements of NZX relating to that
application that can be complied with on or before the date of this
announcement have been duly complied with. However, NZX accepts no
responsibility for any statement in this announcement. NZX is a registered
exchange, and the NZX Debt Market is a registered market, each regulated
under the Securities Markets Act 1988.
Ends
For further information please contact:
Campbell De Morgan
Treasury & Investor Relations Specialist
+64 9 255 9029
+64 27 478 3243
[email protected]
End CA:00250324 For:AIA Type:GENERAL Time:2014-05-12 09:26:18
