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Auckland Airport Bond Issue Opens
Media Release
29 October 2009
Auckland International Airport Limited (Auckland Airport) today announced an offer of up to NZ$125 million bonds to the public, offering interested investors another opportunity to invest in an iconic kiwi long-term infrastructure business.
The offer opens today and is expected to remain open
until 27 November 2009 or such earlier date as the offer is
fully subscribed and will be available to both retail and
institutional investors.
The interest rate on the
bonds has been set at 7.00% p.a. and is fixed for the term
of the bonds, which mature on 27 November 2014.
Auckland Airport chief financial officer, Simon
Robertson, said that "Auckland Airport is pleased to return
to the New Zealand bond market after the positive experience
it has had with past issues. We are aware of considerable
demand for well rated issuers such as Auckland Airport and
we expect these bonds to be well received by the market."
The bonds are direct, unsecured, unsubordinated debt
obligations of Auckland Airport and have been assigned a
credit rating of “A-” by Standard & Poor’s.
Interest will be paid semi-annually, with the first
interest payment date scheduled to occur on 27 May 2010.
ANZ, part of ANZ National Bank Limited has been
appointed as Organising Participant and Joint Lead Manager
to the offer and Goldman Sachs JBWere (NZ) Limited has been
appointed as Joint Lead Manager. ASB Securities Limited
has been appointed as Co-Manager.
Interested
investors should contact the Joint Lead Managers, the
Co-Manager, or their usual financial advisor to request a
copy of the Investment Statement.*
* ANZ, a part of
ANZ National Bank Limited: http://www.anz.co.nz/ipo;
or *Goldman Sachs JBWere (NZ) Limited: http://www.gsjbw.co.nz; or
*ASB Securities Limited: http://www.asbsecurities.co.nz.
A Prospectus and Investment Statement are also
available through Auckland Airport’s website: http://www.aucklandairport.co.nz/Corporate/Investors/Bond-Issue.
ANZ have confirmed that, from the total bonds allocated
to them following the book-build process, a priority pool of
$5 million in bonds has been set aside for existing Auckland
Airport shareholders. Shareholders may take up bonds, up to
a maximum of $50,000 per shareholder application from this
priority pool. Auckland Airport shareholders interested in
participating in this priority pool should contact ANZ for
further details at the contact details set out above.
Application has been made to NZX for permission to
list the bonds and all the requirements of NZX relating
thereto that can be complied with on or before the date of
distribution of this announcement have been duly complied
with. However, the bonds have not yet been approved for
trading and NZX accepts no responsibility for any statement
in this announcement. NZX is a registered exchange under the
Securities Markets Act 1988.
* Applications for Bonds
can only be made using the application form included in the
Investment Statement. No applications for Bonds issued by
Auckland Airport will be accepted or money received unless
the subscriber has received the Investment Statement for the
offer. The minimum application amount in respect of the
Bonds is $10,000 and in multiples of $1,000 thereafter.
Ends
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