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Auckland International Airport Announces Completion of A$110M AMTN Issue

12 Oct 2017  |  16:08:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AIA successfully completes A$110 million AMTN issue

Auckland International Airport announced that it has successfully tapped its September 2027 AMTN issue for an additional A$110m. The fixed rate bonds have a further 9.9 years to maturity and are rated 'A-' by S&P Global. As the issue was a tap of the Company's existing wholesale AMTN issue it was open to institutional investors only, with funds from the issue to be used to fund the Company's capital investment programme. This was the second issue into the Australian market by the airport following its inaugural issue in March 2017. The issue priced at a margin of 118 basis points over swap. CBA and Westpac were the joint lead managers for the transaction.

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