Auckland Airport launches retail bond offer

02 November 2015

Auckland International Airport Limited (“Auckland Airport”) confirmed today that it is offering up to NZ$100 million of seven year fixed rate bonds to New Zealand retail investors and to institutional investors.

The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The notice required by the Financial Markets Conduct Regulations 2014 has been provided to NZX and is attached. The bonds are expected to be quoted on the NZX Debt Market.

Full details of the bond issue are contained in the terms sheet which has been prepared for the offer and is attached. A copy of the presentation that Auckland Airport will be giving to investors in connection with the offer is also attached.

The offer will open with an indicative margin range of 0.95 per cent to 1.00 percent for the bonds maturing on 9 November 2022. An announcement of the actual margin (which may be above or below the abovementioned indicative margin range) and the interest rate on the bonds will be made following the bookbuild process, expected to be on 4 November 2015. The terms sheet will be updated to include the interest rate and will be released on the same day.

The bonds are expected to be quoted on the NZX Debt Market and are expected to be assigned a long term credit rating of A- by Standard and Poor’s.

There is no public pool for the offer, with 100 per cent of the bonds reserved for clients of Bank of New Zealand and Westpac (as Joint Lead Managers), Deutsche Craigs (as Co-Manager), NZX participants and other approved financial intermediaries. The offer will close on 4 November 2015 following the bookbuild process.

Interested investors should contact the Joint Lead Managers, the Co-Manager or their usual financial adviser for more details.

Ends

For assistance, please contact:

Campbell De Morgan
Treasury & Investor Relations Specialist
+64 9 255 9029
campbell.demorgan@aucklandairport.co.nz

BNZ
0800 284 017

Westpac
0800 942 822

Deutsche Craigs
0800 226 263

Investor Presentation
Terms Sheet