Sydney Kingsford Smith Airport delivered (17-Feb-2020) an approximately AUD600 million (USD403.5 million) multi tranche US private placement bond issuance. Details include:
- Bonds issued:
- 15 year AUD81 million (USD54.5 million) tranche, maturing Jun-2035;
- 15 year USD50 million tranche, maturing Jun-2035;
- 20 year AUD220 million (USD147.9 million) tranche, maturing Jun-2040;
- 20 year sustainability linked AUD100 million (USD67.2 million) tranche, maturing Jun-2040;
- 30 year AUD120 million (USD80.7 million) tranche, maturing Jun-2050;
- New maturities spanning 2035 to 2050;
- Debt maturity profile lengthened, with average maturity extended 10 months to mid 2026;
- Four month free delayed settlement with funding in Jun-2020;
- Third issuance into the US private placement market;
- First sustainability linked bond in the US private placement market. [more - original PR]