Christchurch International Airport Launches Bond Offer

Christchurch International Airport Limited Launches Bond Offer Christchurch International Airport Limited ("CIAL") today announced it is offering up to NZ$100,000,000 (with the ability to accept up to NZ$25,000,000 in oversubscriptions at CIAL's discretion) of 7 year, unsecured, unsubordinated, fixed rate bonds ("Bonds") to institutional investors and New Zealand retail investors. The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as an offer of debt securities of the same class as existing quoted debt securities. The interest rate for the Bonds will be set on the rate set date as being equal to the sum of the swap rate plus the margin. The indicative margin range is 1.05% to 1.15% per annum. The actual margin may be within, above or below the indicative margin range. An announcement of the actual margin and interest rate is expected to be made via NZX on 5 April 2024 following a bookbuild process. The Bonds are expected to be quoted on the NZX Debt Market. Full details of the Bond offer are contained in the attached indicative terms sheet and at https://www.christchurchairport.co.nz/about-us/who-we-are/financial-reports/b ond-offer/. The Bonds are expected to be assigned a long term credit rating of A- by S&P Global Ratings. There is no public pool for the offer, with all the Bonds reserved for clients of the Joint Lead Managers, Primary Market Participants and other approved financial intermediaries. Interested investors should contact the Joint Lead Managers or their financial advice provider for more details. The offer is expected to close on 5 April 2024. ENDS For further information: Tim May Chief Financial Officer Mobile: +64 21 228 3505 Email: tim.may@cial.co.nz End CA:00428836 For:CHC Type:OFFER Time:2024-04-02 08:35:20