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Auckland Airport considers public fixed rate bond issue

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.


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