AIA - Wholesale Floating Rate Note Issue

Yesterday Auckland Airport completed an issue of $150 million of floating rate notes (“FRN”), which will be used to refinance the maturing $100 million FRN on 11 October 2022 and provide additional liquidity.

Phil Neutze, Auckland Airport’s chief financial officer, says “we are very pleased with this outcome and thank our New Zealand and offshore wholesale investors for their continued support despite the very challenging global economic backdrop.”

The floating rate notes have a term of three years and a margin of 70 basis points over BKBM. The offer was made to New Zealand and offshore institutional investors with CBA and Westpac acting as joint lead managers on the issue.

Ends

AIA - Wholesale Floating Rate Note Issue

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:

VHP - Half year results announcement date and webcast details
Devon Funds Morning Note - 30 January 2026
AIA - Auckland Airport new board appointment
General Capital (GEN:NZ) Subsidiary General Finance Update
January 30th Morning Report
January 29th Morning Report
VSL - Date for 1H FY26 results announcement
January 28th Morning Report
IKE - Webinar Notification IKE Q3 FY26 Performance Update
VHP - Preliminary unaudited portfolio valuations 31 December 2025