Air New Zealand Limited Retail Bond Offer Interest Rate Set

Air New Zealand Limited announced earlier today that following a successful bookbuild for its offer of 5.5 year, unsubordinated, unsecured, fixed rate bonds (Bonds), the offer has closed and NZ$100 million of Bonds will be issued under the offer.

The interest rate has been set at 6.61% per annum. This reflects an issue margin of 1.50% per annum over the base rate of 5.11% per annum.

The Bonds are expected to be issued on Thursday, 27 October 2022 and will mature on 27 April 2028. The Bonds are expected to be quoted on the NZX Debt Market on Friday, 28 October 2022 under ticker code AIR030.

There was no public pool for the offer (whether via an online website, platform or otherwise), with all of the Bonds (including oversubscriptions) allocated to clients of the Joint Lead Managers (JLMs), institutional investors and other primary market participants invited to participate in the bookbuild.

A copy of the final terms sheet for the Bonds will be released via NZX later today.

Investors should contact a JLM as listed below or their usual financial adviser for more details.

Joint Lead Managers

ANZ Bank New Zealand Limited
Jarden Securities Limited
Forsyth Barr Limited
Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch)

Ends.

Authorised for release to NZX and ASX by:
Jennifer Page
General Counsel & Company Secretary
[email protected]
+64 27 909 0691

For investor relations questions, please contact:
Leila Peters
General Manager, Corporate Finance
[email protected]
+64 21 743 057

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Announcement PDF