AIA Market Release – Wholesale Floating Rate Note Issue
Market Release l
2 October 2019
Wholesale Floating Rate Note Issue
Auckland Airport has today completed an issue of $100 million of floating rate notes (“FRN”),
which will be used to partially refinance the maturing $150 million FRN on 13 April 2020.
Phil Neutze, Auckland Airport’s chief financial officer, says “we are pleased to return to the NZ
wholesale bond market with this 3 year FRN which is part of our diversified funding strategy
across NZ and offshore capital markets.”
The floating rate notes have a term of three years and a margin of 70 basis points over
BKBM. The offer was made to New Zealand and offshore institutional investors with ANZ
acting as lead manager on the issue.
Ends
For further information, please contact:
Debt investors:
Campbell De Morgan
+64 9 255 9029
+64 27 478 3243
campbell.demorgan@aucklandairport.co.nz
Lead Manager
ANZ Bank New Zealand Limited
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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