Ann: LISTING: WIA: WIAL opens bond offer to New Z

• Release Date: 24/10/13 10:58
• Summary: LISTING: WIA: WIAL opens bond offer to New Zealand investors
• Price Sensitive: No
• Download Document  3.11KB

					WIA
24/10/2013 08:58
LISTING

REL: 0858 HRS Wellington International Airport Limited

LISTING: WIA: WIAL opens bond offer to New Zealand investors

Wellington International Airport Limiteds (WIAL) bond offer opens for public
subscriptions today, and will close on 11 November 2013.

The offer is for bonds (Bonds) up to NZ$50 million, with the option to accept
oversubscriptions of up to an additional NZ$25 million.

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 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.

Applications will be accepted on a first come first served basis, so
interested parties will be encouraged to submit applications as soon as
possible.

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

Media contact: Greg Thomas
Phone: 64 21 430 435
Email: [email protected]

1 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.  WIAL has applied for and been granted a waiver by NZX from Listing
Rule 11.1.1 to allow the Transfer Restrictions (as defined in the waiver
decision).

2  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.
End CA:00242795 For:WIA    Type:LISTING    Time:2013-10-24 08:58:08