AIA – Wholesale Floating Rate Note Issue
Market Release l 5 October 2022
Wholesale Floating Rate Note Issue
Yesterday Auckland Airport completed an issue of $150 million of floating rate notes (“FRN”),
which will be used to refinance the maturing $100 million FRN on 11 October 2022 and provide
additional liquidity.
Phil Neutze, Auckland Airport’s chief financial officer, says “we are very pleased with this
outcome and thank our New Zealand and offshore wholesale investors for their continued
support despite the very challenging global economic backdrop.”
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 CBA and Westpac
acting as joint lead managers on the issue.
Ends
For further information, please contact:
Debt investors:
Campbell De Morgan
+64 27 478 3243
campbell.demorgan@aucklandairport.co.nz
Joint Lead Managers
Commonwealth Bank of Australia
Westpac Banking Corporation
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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