AIA - Auckland Airport considers bond offers

Tuesday 23rd September 2025

Auckland International Airport Limited (“Auckland Airport”) is considering an offer of fixed rate bonds maturing in April 2031 (“Retail Offer”) to New Zealand retail investors and to institutional investors.

Any such Retail Offer will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as Auckland Airport’s existing quoted debt securities. The bonds are expected to be quoted on the NZX Debt Market. It is expected that full details of the Retail Offer will be released the week of 29 September 2025, subject to market conditions.

Auckland Airport has appointed ANZ Bank New Zealand Limited (“ANZ”) and Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand branch) (“Westpac”) as Joint Lead Managers in relation to the Retail Offer.

Investors can register their interest with the Joint Lead Managers or a financial adviser. Indications of interest will not involve an obligation or commitment of any kind. No money is currently being sought and no bonds can be applied for or acquired in relation to the Retail Offer until the Retail Offer opens and the investor has received a copy of the offer document in relation to the bonds.

Wholesale Offer

Auckland Airport is also considering making an offer of floating rate bonds maturing in October 2028 (“Wholesale Offer”) to certain wholesale investors only. Retail investors may not participate in the Wholesale Offer. Auckland Airport has also appointed ANZ and Westpac as Joint Lead Managers in relation to the Wholesale Offer.

It is expected that full details of the Wholesale Offer will be made available by the Joint Lead Managers to certain wholesale investors during the week of 29 September 2025 following the close of the Retail Offer, subject to market conditions.

If Auckland Airport makes the Retail Offer and the Wholesale Offer, the maximum amount of bonds to be issued by Auckland Airport under the Retail Offer and the Wholesale Offer together would not exceed NZ$300,000,000.

A copy of a market update presentation to be made by Auckland Airport is attached.

ENDS

Comments from our readers

No comments yet