Sharechat Logo

Air New Zealand Limited Considers Retail Bond Offer

Thursday 29th September 2022

Text too small?

Air New Zealand Limited (Air New Zealand) notes that its current NZ$50,000,000 unsecured, unsubordinated, fixed rate bonds which are quoted on the NZX Debt Market under the ticker code AIR020 (AIR020 Bonds) will mature on 28 October 2022. In connection with this, Air New Zealand confirms today that it is considering making an offer of 5.5 year, unsecured, unsubordinated, fixed rate bonds (Bonds) to institutional investors and New Zealand retail investors (the Offer).

As part of Air New Zealand’s post-Covid strategy, the airline is focussed on continuing to have a diverse range of debt sources. As a proudly New Zealand company the airline feels it is important for the company to support the New Zealand capital markets.

If the Offer proceeds, it will be made pursuant to clause 19 of Schedule 1 of the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as the AIR020 Bonds.

It is expected that full details of the Offer will be released in the week beginning Monday, 17 October 2022, when the Offer is anticipated to open. The Bonds are expected to be quoted on the NZX Debt Market under ticker code AIR030.

Air New Zealand has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) (Westpac) as Arranger, and ANZ Bank New Zealand Limited, Forsyth Barr Limited and Jarden Securities Limited, together with Westpac, as joint lead managers (JLMs) in relation to the proposed Offer.

Investors can register their interest in the proposed Offer by contacting a JLM or a financial adviser. Indications of interest will not involve an obligation or commitment to acquire Bonds. No money is currently being sought from investors and no Bonds can be applied for or acquired unless and until the Offer opens and Air New Zealand has issued the indicative terms sheet in relation to the Bonds.

Joint Lead Managers

ANZ Bank New Zealand Limited

Jarden Securities Limited

Forsyth Barr Limited

Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch)

Ends.

Air New Zealand Limited Considers Retail Bond Offer



  General Finance Advertising    

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.

Related News:

November 14th Morning Report
November 13th Morning Report
TruScreen Markets Update
November 12th Morning Report
NZME lowers FY24 guidance
Fonterra to proceed with Consumer businesses sale process
November 11th Morning Report
MFB - FY25 Half Year Results Announcement Date
The Warehouse Group FY25 Q1 Trading Update
Manawa Energy FY25 Interim Results