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Air New Zealand bond rate set

Friday 2nd September 2011

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Air New Zealand announced today that the Interest Rate on its unsecured, unsubordinatedfixed rate Bonds is 6.9% per annum following a bookbuild process completed earlier today.

The amount of the issue is $150 million and has been fully allocated on a firm allocations basis to primary market participants and institutional investors. As a result the offer will not have a public pool, however, a small priority pool of $4 million is available for New Zealand resident Air New Zealand shareholders and New Zealand resident employees of the Air New Zealand Group.

The Bond offer opens on Monday, 5 September and will close on Friday, 23 September, with the Priority Pool closing one week earlier on Friday, 16 September.

First NZ Capital Securities is acting as Arranger and Joint Lead Manager of the offer, Craigs Investment Partners as Joint Lead Manager and ANZ, Bank of New Zealand and Forsyth Barr as Co-Managers.

Application has been made to NZX for permission to list the Bonds on the NZDX.

Investors seeking an allocation of Bonds and wanting to obtain a Prospectus for this offer should contact an NZX firm or their financial advisor. Applications must be made on the Application Form included in the Prospectus or, if investors are subscribing for bonds through the priority pool, on a Priority Pool Application Form obtained from the Registrar.


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