Auckland International Airport Limited (ASX:AIA) has confirmed the closure of its retail bond offer, with NZ$350,000,000 allocated to participants in the bookbuild process and the issue margin for the fixed rate bonds set at 0.75 per cent per annum, according to a filing dated 6 November 2026.

Key Points

  • NZ$350,000,000 allocated to participants in the retail bond bookbuild process
  • Final orderbook exceeded NZ$390,000,000, excluding Joint Lead Manager trading interest
  • Issue margin for fixed rate bonds set at 0.75 per cent per annum
  • No public pool was available for the Retail Offer
  • Auckland Airport has decided not to proceed with its wholesale offer of floating rate bonds

Retail Bond Offer Bookbuild Results

Auckland International Airport disclosed that its retail bond offer has closed following the completion of the bookbuild process. A total of NZ$350,000,000 was allocated to participants, or their clients, in the bookbuild. The final orderbook for the Retail Offer was in excess of NZ$390,000,000, excluding Joint Lead Manager trading interest. The company confirmed there was no public pool available for the Retail Offer. The interest rate for the fixed rate bonds was to be announced later on 6 November 2026, together with the final terms sheet.

Fixed Rate Bond Margin and Final Terms

The issue margin for the fixed rate bonds offered under the Retail Offer has been set at 0.75 per cent per annum, according to the filing. Auckland Airport stated that the interest rate applicable to the bonds would be announced later on the same day as the closure of the offer, alongside the release of the final terms sheet. The Joint Lead Managers for the Retail Offer were ANZ Bank New Zealand Limited, Bank of New Zealand, and Forsyth Barr Capital Markets Limited.

Wholesale Floating Rate Bond Offer Not Proceeding

Separately, Auckland Airport disclosed in the same filing that it has decided not to proceed with its wholesale offer of floating rate bonds. The company noted this decision was announced on the same day as the retail bond offer closure. No further details regarding the reasons for withdrawing the wholesale offer, or any alternative financing arrangements, were disclosed in the filing. The filing did not provide additional information about the terms or size of the wholesale offer that was considered.