AIA announces interest rate for retail bond issue

OFFER

Thu, Oct 27 2022 01:03 pm

Market Release | 27 October 2022

Auckland Airport announces interest rate for retail bond issue

Following the successful bookbuild process for its bond offer, Auckland International Airport Limited announced today that the offer had closed and NZ$225,000,000 had been allocated to the participants (or their clients) in the bookbuild process. There was no public pool for the offer.

The interest rate for the fixed rate bonds will be 5.67 per cent per annum, which reflects a margin of 0.95 per cent over the underlying swap rate. The bonds will be issued on 9 November 2022 and will mature on 9 May 2028. The bonds are expected to be quoted on the NZX Debt Market.

An updated terms sheet for the issue will be released shortly.

Ends

For assistance, please contact:
Campbell De Morgan
Treasury Specialist
+64 27 478 3243
[email protected]

Bank of New Zealand
0800 284 017

Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch)
0800 772 142