Auckland Airport announces NZ$200m retail bond issue

Auckland International Airport Limited (Auckland Airport) has announced the terms for a NZ$200,000,000 fixed-rate retail bond issue, dated 1 October 2025. These direct, unsecured, unsubordinated bonds will rank equally with other outstanding unsecured and unsubordinated indebtedness of Auckland Airport. The bonds are due on 8 April 2031 and offer an interest rate of 4.04% per annum, comprising a base rate and a margin of 0.85% per annum. Interest will be paid semi-annually on 8 October and 8 April, with the first payment scheduled for 8 April 2026.

The retail bonds have an issue price of NZ$1.00 per bond, with a minimum principal and holding amount of NZ$10,000, and multiples of NZ$1,000 thereafter. S&P Global Ratings has assigned an expected long-term issue credit rating of 'A-' to the bonds, aligning with Auckland Airport’s long-term issuer credit rating.

The offer’s opening date was Monday, 29 September 2025, and it is set to close at 11:00 am on Wednesday, 1 October 2025. The rate set date is Wednesday, 1 October 2025, with the issue and allotment date on Wednesday, 8 October 2025. ANZ Bank New Zealand Limited and Westpac Banking Corporation are serving as Joint Lead Managers for the issue.