Auckland Airport intends to make public bond offer

Auckland International Airport Limited (Auckland Airport) is considering making a public offer of $80 million of bonds, with an option to accept $50 million oversubscriptions.

The bonds will be direct, unsecured, unsubordinated debt obligations of the Issuer.

The bonds will have a maturity date of 15 November 2016.

The fixed rate of interest applying to the bonds will be announced before the issue opens.

Auckland Airport is issuing bonds to raise money to fund the general business activities of the company.
It is expected that full details of the offer will be released and the offer will open during October.

The offer may remain open until 31 March 2009 or such earlier date that the Issuer may determine.

No money is currently being sought and no applications for the bonds will be accepted or money received unless the subscriber has received an investment statement.

Auckland Airport is seeking preliminary indications of interest. Indications of interest may be made to First NZ Capital Securities Limited tel 0800 162 222 (appointed Lead Manager in respect of the offer).

No indication of interest will involve an obligation or commitment of any kind.