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Sydney Airport agrees to medium term note issue: MAp

29-Jun-2010 9:27 AM

MAp noted (29-Jun-2010) that Sydney Airport agreed on 28-Jun-2010 to the issue of USD152 million fixed rate medium term note's (MTN), due Jul-2015. The new notes were priced at the equivalent of 265 basis points above BBSW. The funds will be utilised to repay existing debt and the issue also involved the buyback of USD105 million in MTNs, largely due in Nov-2011. The transaction will settle on 6-Jul-2010. Moody's Investors Service assigned a Baa2 rating to the MTN's. [more]