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Auckland International Airport Limited Sets Rate on Bond Offer

Auckland International Airport Limited today announced that the interest rate for its issue of NZ$100 million of 7 year fixed rate Bonds has been set at 4.73% p.a. This reflects a margin of 1.30% p.a. over the 7 year swap rate of 3.43% p.a.

The Final Terms Sheet of the offer is now available and attached. The bonds will be issued on 13 December 2012 with a maturity date of 13 December 2019.

Ends

For further information, please contact:

Julia Belk

Treasury and Investor Relations Specialist

+64 9 255 9212, +64 21 2408 997

FINAL TERMS SHEET

For

FIXED RATE BONDS

 

This Final Terms Sheet is prepared in respect of, issued with, and referred to in, the Investment Statement and the Prospectus dated 30 November 2012 prepared by Auckland International Airport Limited for the offer of up to $100,000,000 of fixed rate bonds.

 

Capitalised terms used in this Final Terms Sheet have the defined meanings which appear in the Investment Statement.

 

Dated 10 December 2012

Issuer

Auckland International Airport Limited (Auckland Airport)

Description of Bonds

Direct, unsecured, unsubordinated, fixed rate debt obligations of Auckland Airport ranking equally and without preference among themselves and equally with all other outstanding unsecured and unsubordinated indebtedness of Auckland Airport (except indebtedness preferred by law).

Issue Rating

A- Standard & Poor's

Issuer Rating

A- (positive outlook) Standard & Poor's

Issue Amount

$100,000,000

Purpose

The net proceeds from the sale of Bonds will be used for the general operations of Auckland Airport, including retirement of debt, capital expenditure and growth opportunities

Lead Manager and Organising Participant

ANZ Bank New Zealand Limited

Co-Manager

Forsyth Barr Limited

Interest Rate

4.73% per annum

Base Rate

3.43% per annum

Margin

1.30% per annum

Rate Set Date

10 December 2012

Opening Date

10 December 2012

Closing Date

12.00pm on 10 December 2012

Issue Date

13 December 2012

Tenor

7 years

Maturity Date

13 December 2019

Expected date of initial quotation and trading on the NZX Debt Market

It is expected that quotation on the NZX Debt Market will occur on 14 December 2012, and in any event not later than 5 Business Days, after the Closing Date

Interest Payment Dates

13 June and 13 December in each year until and including the Maturity Date

First Interest Payment Date

13 June 2013

Denomination, minimum application and minimum holding amount

$1.00 per Bond.  The minimum application and holding amount in respect of the Bonds is $10,000 and multiples of $1,000 thereafter

Record Date

10 calendar days before an Interest Payment Date or, if not a Business Day, the immediately preceding Business Day

Governing Law

New Zealand

Quotation

NZX Debt Market (Ticker Code: AIA120)

Registrar

Link Market Services Limited

ISIN

NZAIADT120L2

 

                       

 

 

The Bonds are offered by Auckland International Airport Limited on the terms and conditions set out or referred to in the Investment Statement and registered Prospectus dated 30 November 2012.  Applications must be made on the Application Form contained in the Investment Statement and be for a minimum Principal Amount of $10,000 and thereafter in multiples of $1,000.  There is no public pool.  Investors willing to receive an allocation of Bonds should contact their broker.

 

Application has been made to NZX for permission to quote the Bonds on the NZX Debt Market and all the requirements of NZX relating thereto that can be complied with on or before the distribution of the Investment Statement, have been duly complied with.  However, the Bonds have not yet been approved for trading and NZX accepts no responsibility for any statement in the Investment Statement or this Final Terms Sheet.  NZX is a registered exchange, and the NZX Debt Market is a registered market under the Securities Markets Act 1988.

 

FOR AN INVESTMENT STATEMENT PLEASE CONTACT

ANZ Bank New Zealand Limited (Lead Manager and Organising Participant) freephone 0800 269 476 or Forsyth Barr Limited (Co-Manager) freephone 0800 367 227.