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Christchurch International Airport Ltd
|Issuer||Christchurch Int'l Airport Ltd (CIAL)|
|Issue type||Fixed Rate Notes - unsecured and unsubordinated|
|Rank||Equally with other unsecured unsubordinated debt securities|
|Maturity||4 October 2021|
|Coupon (%)||6.25% or 8-year swap + 1.45% margin|
|Amount||Up to $75 million ($50 mln with $25 mln over-subscriptions).|
|Opening date||23 September 2013|
|Closing date||27 September 2013|
|Listed||These notes will not be listed on any exchange|
|Information||Term Sheet & Investment Statement (see attachments)|
New Christchurch International Airport bond
- Swap or NGZS plus a margin means the actual rate will be set at that margin over the relevant maturity swap rate or Government bond rate, usually a couple of days before the issue date. Click here for swap rates and here for Government bond rates.
- The amount on offer is usually allocated to brokers who then accept subscriptions up to their allocations. The lead manager(s) control the allocation of bonds. There can be a public pool which is not allocated and subscriptions under the public pool are made directly to the issuer or lead manager(s).
- Listing on NZDX unless stated otherwise.