12 January 2009
Auckland International Airport Limited’s (Auckland Airport) retail bond issue opened to interested parties today, offering investors another opportunity to invest in an iconic kiwi long-term infrastructure business.
Auckland Airport is making a public offer of $50 million of bonds. The interest rate initially being offered for the full term of the bonds is 7.25%. The interest rate offered may change prior to allotment but will not change in respect of a bond that has been allotted.
Auckland Airport is issuing bonds to meet some of the excess market demand from the successful bond issue that closed in November 2008. First NZ Capital Securities Limited has been appointed as Arranger, Organising Participant and Joint Lead Manager for this bond issue, and ASB Bank Limited and Goldman Sachs JBWere (NZ) Limited have been appointed as Joint Lead Managers.
Interested members of the public should contact their financial advisors or share brokers and request an investment statement.
A prospectus and investment statement is also available through Auckland International Airport’s website: www.aucklandairport.co.nz or by calling First NZ Capital Securities Limited on 0800 162 222, ASB Securities Limited on 0800 ASB OFFER (0800 272 633), or Goldman Sachs JBWere (NZ) Limited on 0800 555 555.
The bonds will be direct, unsecured, unsubordinated debt obligations of the Issuer. The bonds will have a maturity date of 28 February 2014. The minimum holding in respect of bonds is $10,000 and in multiples of $1,000 thereafter.
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, NZX accepts no responsibility for any statement in this announcement.
Standard & Poor’s have assigned a rating of ‘A’ to the bonds. Further information about the rating is available at www.standardandpoors.com
The offer may remain open until 31 March 2009 or such earlier date that the Issuer may determine. No applications for the bonds will be accepted or money received unless the subscriber has received an investment statement.
For further information, please contact:
Senior communications manager
+64 (0) 9 256 8191
+64 (0) 27 477 6120