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 |
| Early redemption | No |
| 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 |
| Credit rating | BBB+ |
| Lead manager(s) | Westpac |
| Information | Term Sheet and Investment Statement (see attachments) |
News
New Christchurch International Airport bond
Notes
- 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.