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- Release Date: 23/05/14 17:51
- Summary: GENERAL: AIA: AIAL Fixed rate public bond issue
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AIA
23/05/2014 15:51
GENERAL
REL: 1551 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL Fixed rate public bond issue
Market Release
23 May 2014
Fixed rate public bond issue
Auckland International Airport Limited ("Auckland Airport") has raised NZ$150
million from a public bond issue.
Simon Robertson, Auckland Airport's chief financial offer, says, "The strong
investor demand for the bonds confirms the public's long-term confidence in
the future of the Company."
"The fixed rate bonds have a term of seven years and the annual interest rate
has been set at 5.52%. This reflects a margin of 0.90% per annum over the
seven year swap rate."
"The bonds will be issued on 28 May 2014 with a maturity date of 28 May 2021.
They have been assigned a long-term credit rating of A- by Standard &
Poor's," says Mr Robertson.
There was no public pool for the bond offer, with 100% of the bonds reserved
for clients of the Lead Manager and Co-Managers, institutional investors and
other market participants.
The final terms sheet for the issue is now available and attached.
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:00250836 For:AIA Type:GENERAL Time:2014-05-23 15:51:10
