Auckland International Airport Limited (ASX:AIA) has completed a new Australian medium-term notes (AMTN) issue of A$300 million in six-year fixed rate bonds due 19 November 2032, with the final order book exceeding A$1,000 million, according to a company filing dated 13 November 2026.

Key Points

  • Auckland Airport completed a new A$300 million AMTN issue of six-year fixed rate bonds maturing 19 November 2032
  • The final order book exceeded A$1,000 million, more than three times the amount raised
  • The issue is expected to be rated A- by S&P Global
  • CBA and Mizuho acted as joint lead managers for the transaction
  • This was the fourth issue by Auckland Airport into the Australian market, with funds to be used to fund the company's investment programme

AMTN Issue Terms and Structure

The six-year fixed rate bonds carry a maturity date of 19 November 2032 and were issued under Auckland Airport's wholesale AMTN programme, making them available to institutional investors only. The issue is expected to be rated A- by S&P Global. CBA and Mizuho served as joint lead managers for the transaction. The filing states this was the fourth issue by Auckland Airport into the Australian market.

Order Book and Capital Raised

The final order book for the AMTN issue exceeded A$1,000 million, representing more than three times the A$300 million amount raised. Chief Financial Officer Stewart Reynolds said demand for the issue was strong. The company disclosed that, combined with a recent New Zealand retailable bond issue completed earlier in November 2026, Auckland Airport raised over $700 million in capital across both domestic and offshore debt markets.

Use of Funds and Investment Programme

According to the filing, proceeds from the AMTN issue are to be used to fund the company's investment programme, which Reynolds described as a "transformational investment programme." The filing notes that the Australian issue follows a recent New Zealand retail bond issue completed earlier in the same month. Reynolds acknowledged investor support across both the domestic and offshore debt markets in connection with the two transactions.