Auckland Airport secures NZ$100m floating rate notes

Auckland Airport has successfully completed an issue of NZ$100,000,000 in floating rate notes. These notes carry a three-year term and a margin of 65 basis points over the base rate. The offering attracted interest from both New Zealand and offshore institutional investors, with ANZ and Westpac serving as joint lead managers.

This new floating rate note issue, combined with a recently completed NZ$200,000,000 fixed rate bond, will be utilized to refinance an expiring NZ$150,000,000 floating rate note due on 13 October 2025. Additionally, the proceeds will support Auckland Airport’s ongoing investment program.

Stewart Reynolds, Auckland Airport's chief financial officer, expressed satisfaction with the outcomes, noting that the successful issues demonstrate investor confidence in the business and its long-term outlook. He extended gratitude to investors for their continued support as the company transforms the gateway to New Zealand.