Auckland International Airport Limited (“AIA”) has announced the issuance of NZ $150,000,000 unsecured, unsubordinated, fixed-rate bonds. The security code for the bonds is AIA260, and the ISIN is NZAIAD0260L7. This bond offering presents an investment opportunity for individuals and institutions interested in the New Zealand market.

The offer is set to open on Monday, 8 May 2023, and close on Wednesday, 10 May 2023. The bonds will mature on Friday, 17 November 2028. The interest rate on the bonds is fixed at 5.29% per annum. Interest will be paid semi-annually on 17 November and 17 May of each year until the maturity date. The first interest payment will be made on Friday, 17 November 2023, to bondholders on record as of the record date, which is 10 calendar days before the relevant interest payment date.

The minimum application amount for the bonds is NZ $10,000, with multiples of $1,000 thereafter. The minimum holding and minimum transferable amount are also NZ $10,000 and NZ $1,000, respectively. The face value of each bond is NZ $1.00.

The bonds will be supervised by The New Zealand Guardian Trust Company Limited, while Bank of New Zealand and Westpac Banking Corporation (acting through its New Zealand Branch) will act as the lead managers for the offering. The bonds will be governed by the Master Trust Deed dated 9 July 2004, as amended and restated from time to time, together with the Supplemental Trust Deed dated 5 May 2023.

The issue date for the bonds is Wednesday, 17 May 2023, and the registrar responsible for managing bondholder records is Link Market Services Limited. The settlement of the bonds will be conducted through the NZCDC Settlement System.

Investors interested in participating in this bond offering should carefully review the offer details and consult with their financial advisors or brokers. The bonds provide an opportunity to invest in Auckland International Airport Limited and benefit from the fixed interest rate payments until the maturity date.

Please note that this blog post provides a brief summary of the bond offering. It is essential to review the official offering documents and seek professional advice before making any investment decisions.