Auckland International Airport Limited (NZX: AIA) Revises the Indicative Margin for Retail Bond Offer

Auckland Airport revises the indicative margin for retail bond offer

As announced on 8 November 2021, Auckland International Airport Limited (“Auckland Airport”) is offering up to NZ$100,000,000 of five-year fixed rate bonds (with the ability to accept up to NZ$50,000,000 in oversubscriptions at Auckland Airport’s discretion) (the “Bonds”) to New Zealand retail investors and to institutional investors.

As at 8.30am NZT today, the firm order book at the original indicative margin range of 0.70 per cent to 0.80 per cent per annum is in excess of NZ$125,000,000 (excluding Joint Lead Manager trading interest). As a result, Auckland Airport has today revised the indicative margin to now be 0.70 per cent per annum.

Full details of the Bond issue are contained in the terms sheet which has been prepared for the offer and was attached to the launch announcement on 8 November 2021.

An announcement of the actual margin (which may be above or below the revised indicative margin of 0.70 per cent per annum) and the interest rate on the Bonds will be made later today following the conclusion of the bookbuild process. The terms sheet will be updated to include the interest rate and will also be released today, 10 November 2021.

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

Please see the link below for details

AIA revises the indicative margin for retail bond offer

Source: Auckland International Airport Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

GEN - Completion of Purchase of Premium Funding Business
Fletcher Building Announces Executive Appointment
WCO - Director independence determination
AIA - welcomes Ngahuia Leighton as 'Future Director'
Mercury announces Executive team changes
Fonterra launches Retail Bond Offer
October 29th Morning Report
BIF adds Zincovery to its investment portfolio
General Capital Resignation of Director
General Capital subsidiary General Finance update