Auckland International Airport Revises Retail Bond Margin to 0.75% as Orderbook Tops NZ$585 Million

Mukul

06 November 2026 04:04 PM AEDT

Auckland International Airport Revises Retail Bond Margin to 0.75% as Orderbook Tops NZ$585 Million

Image Source: Krish Capital Pty Ltd

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Auckland International Airport Limited (ASX:AIA) has disclosed that the bookbuild for its NZ$100,000,000 retail bond offer has attracted a firm and soft orderbook in excess of NZ$585,000,000, while the indicative margin has been revised down to 0.75 per cent per annum, according to a filing released on 6 November 2026.

Key Points

Firm and soft orderbook for the Retail Bonds exceeds NZ$585,000,000, excluding Joint Lead Manager trading interest
Indicative margin revised to 0.75 per cent per annum, from a prior range of 0.75 to 0.80 per cent per annum
Maximum amount of Retail Bonds to be issued under the Retail Offer will not exceed NZ$350,000,000
Auckland Airport has decided not to proceed with the previously announced Wholesale Offer of up to NZ$150,000,000 in floating rate bonds
Bids for the Retail Bonds were due by 10:30am on Friday, 6 November 2026

Retail Bond Offer Bookbuild Status

Auckland Airport launched the Retail Offer on 4 November 2026, offering up to NZ$100,000,000 of five-year fixed rate bonds to institutional investors and New Zealand retail investors, with the ability to accept oversubscriptions at Auckland Airport's discretion. The bookbuild process was continuing as of the 6 November 2026 update. The combined firm and soft orderbook exceeded NZ$585,000,000, excluding Joint Lead Manager trading interest, at the revised indicative margin. Bids were required to be submitted by 10:30am on Friday, 6 November 2026. Further details of the Retail Offer are set out in the Terms Sheet attached to the launch announcement on 4 November 2026 at 9:30am.

Revised Indicative Margin and Maximum Issuance Cap

Auckland Airport disclosed that the indicative margin for the Retail Bonds has been revised to 0.75 per cent per annum. The filing noted the revised indicative margin range of 0.75 per cent per annum to 0.80 per cent per annum had been announced by Auckland Airport at 4:00pm on 4 November 2026. The maximum amount of Retail Bonds to be issued by Auckland Airport under the Retail Offer will not exceed NZ$350,000,000. The Joint Lead Managers for the Retail Offer are ANZ Bank New Zealand Limited, Bank of New Zealand, and Forsyth Barr Capital Markets Limited.

Wholesale Offer Withdrawn

Alongside the Retail Offer, Auckland Airport had on 4 November 2026 announced a separate Wholesale Offer of up to NZ$150,000,000 of floating rate bonds maturing in November 2029, directed at certain wholesale investors only. The filing states that Auckland Airport has decided not to proceed with the Wholesale Offer. No reason for the decision was disclosed in the filing. No further details regarding the Wholesale Bonds or the withdrawal of that offer were provided in the 6 November 2026 update.

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