Announcement
OFFER: WIA: Wellington Airport Retail Bond Offer Rate Set Announcement
02:53pm
WIA
22/03/2019 14:53
OFFER
NOT PRICE SENSITIVE
REL: 1453 HRS Wellington International Airport Limited
OFFER: WIA: Wellington Airport Retail Bond Offer Rate Set Announcement
Wellington International Airport sets the interest rate for its bond offer
Wellington International Airport Limited (WIA) today announced that following
strong investor demand for its issue of 11 year unsecured, unsubordinated,
re-setting fixed rate bonds (Bonds), it has set the issue size at
NZ$100,000,000. This includes oversubscriptions of NZ$25,000,000.
The Initial Interest Rate for the bonds for the six year period has been set
at 4.00% per annum, being the minimum Interest Rate for the Bonds. The Issue
Margin has been set at 1.95% per annum.
This Interest Rate will apply from (and including) the Issue Date to (but
excluding) the Reset Date. The Reset Interest Rate for the second five year
period will be determined as the Issue Margin plus the Base Rate on the Reset
Date (being 1 April 2025). WIA will announce the Reset Interest Rate via NZX
on or shortly after the Reset Date.
The Bonds are expected to be issued on 1 April 2019 and will mature on 1
April 2030. The Bonds are expected to be quoted on the NZX Debt Market under
the ticker code WIA060.
The full details of the offer are contained in the Final Terms Sheet which is
attached. Unless the context requires otherwise, capitalised terms used in
this announcement have the meaning given to them in the Final Terms Sheet.
Joint Lead Managers:
ANZ 0800 269 476
Deutsche Craigs 0800 226 263
Forsyth Barr 0800 367 227
Co-managers:
First NZ Capital 0800 005 678
Hobson Wealth Partners 0800 742 737
ENDS
For further information:
Martin Harrington
Chief Financial Officer, Wellington International Airport
Phone: +64 4 385 5105
Email: mharrington@wellingtonairport.co.nz
End CA:00332364 For:WIA Type:OFFER Time:2019-03-22 14:53:38
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