Melbourne Airport

News & events

Melbourne Airport Successfully Prices A$225 Million 7-Year Domestic Medium Term Notes

May 29, 2013

Australia Pacific Airports (Melbourne) Pty Limited (“APAM” or “Melbourne Airport”) (A-/A3) today announced the successful pricing of A$225 million, senior secured, seven year fixed rate Medium Term Notes (A$MTN). The issue was heavily oversubscribed with interest in excess of A$600 million from both Australian and Asian investors.

The notes were issued at a spread of swap +150bps.

Mr Adam Watson, Melbourne Airport’s Chief Financial Officer said that this was an outstanding result for Melbourne Airport and the domestic A$MTN market. “We are delighted with the success of our debt raising and the overwhelming support from A$ bond investors. The proceeds will be used to refinance existing debt and fund capital expenditure to support the ongoing development of Melbourne Airport. The transaction is consistent with our stated strategy of diversifying and extending the average maturity profile of our funding sources”.

APAM owns and operates Melbourne Airport and is the only Australian airport group to hold A-/A3 ratings.

APAM is a wholly-owned subsidiary of Australia Pacific Airports Corporation Ltd (“APAC”). APAC owns and operates both Melbourne Airport and Launceston Airport.

Australia and New Zealand Banking Group (“ANZ”) and Westpac Banking Corporation (“Westpac”) were Joint Lead Managers on the transaction.

For further information contact:

Melbourne Airport Media
Phone: +61 3 9335 3666

Edwin Waters
Director, Debt Capital Markets
Phone: +61 2 9227 1582

Gary Blix
Director, Debt Securities
Phone: +61 2 8253 4560Email:

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