Auckland International Airport Limited (Auckland Airport), an entity relevant to the ASX news landscape, has successfully completed a new A$300 million Australian medium-term notes (AMTN) issue. Auckland Airport operates Auckland International Airport, New Zealand’s largest and busiest airport, serving as a critical gateway for both international and domestic travel. The 6-year fixed rate bonds are set to mature on 19 November 2032, with the final order book significantly exceeding A$1,000 million, demonstrating robust investor confidence and strong market demand. This new issue is expected to be rated A- by S&P Global.
The AMTN issue was conducted under the company’s wholesale AMTN programme, making it exclusively available to institutional investors. The funds raised through this latest debt offering are designated to support Auckland Airport’s ongoing significant investment programme, aimed at enhancing airport infrastructure and services. This successful placement marks the fourth occasion Auckland Airport has accessed the Australian debt market, following a recent New Zealand retailable bond issue earlier this month.
Stewart Reynolds, Auckland Airport’s Chief Financial Officer, highlighted the strong demand for the issue, noting that the order book was more than three times the amount sought. “Following our recent New Zealand retail bond, we are very pleased with the depth of support for Auckland Airport across both domestic and offshore debt markets, raising over $700 million in capital to fund our transformational investment programme,” Mr Reynolds stated. He concluded by thanking investors for their ongoing support. CBA and Mizuho served as the joint lead managers for the transaction.
