Rate Sheet | Direct Broking

Issuer	Auckland International Airport
Business of the Issuer	AIA operates New Zealand's largest domestic and international air terminal. AIA also owns and manages industrial and retail land in the immediate vicinity of the airport.
Instrument	Unsecured, unsubordinated, fixed rate bonds.
NZDX Code	AIA210
Ranking	Unsecured, unsubordinated, fixed rate debt.
Issue Size	$225m
Maturity Date	02 November 2023
Coupon Rate	3.97%
Credit Rating	A-
Maturity Mechanism	Cash on maturity.
Payment Frequency	Semi-annually
Coupon Payments	Semi annual interest payments on 2 May and 2 November.
Minimum Holding	10,000
Minimum Parcel Size	1,000
Registry	Computershare Investor Services Limited

First NZ Capital Securities Limited (“us”, “we” or “our”) owns and operates the Direct Broking platform and service. We have compiled this fixed interest term sheet (“Term Sheet”) for your information purposes only. We have provided this Term Sheet to you in good faith and have prepared it using our own views, external sources, material, systems and other information that we believe to be accurate, complete and reliable at the time of preparation, but the accuracy, correctness and completeness cannot be guaranteed. We make no representation or warranty, express or implied, as to the accuracy, correctness or completeness of the information contained within this Term Sheet, and nothing shall be deemed to constitute any representation or warranty. To the fullest extent permitted by law, we shall not be liable or responsible for any error or omission.

This Term Sheet is not to be relied upon as a basis for making any investment decision. This Term Sheet does not take into account your particular financial situation or goals, and does not, therefore, constitute personalised financial advice under the Financial Advisers Act 2008, nor does it constitute advice of a legal, tax, accounting or other nature. Please consult your adviser in relation to any investment decision. To the fullest extent permitted by law, we shall not be liable for any decision made or action taken by you or a third party based on, or in reliance on, any information contained in this Commentary.

We and our related and associated companies, directors, employees may have an interest in the bonds mentioned in this Term Sheet, including but not limited to financial. We are an NZX Firm. A disclosure statement is available on request.

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