Australian Infrastructure Fund down on Perth Airport refinancing, MAp bounces back

Australian Infrastructure Fund’s (AIX) shares fell 2.5% yesterday. Perth Airport, in which AIX has a stake, also announced yesterday it has successfully completed a refinancing process generating AUD882 million in fresh capital.

The airport raised AUD740 million through the establishment of new debt facilities, as well as AUD142 million in additional funds from shareholders, all of which will be invested in the airport’s capital expenditure programme over the next three years.

MAp to issue new shares

Meanwhile, shares in Macquarie Airports (now officially known as MAp) bounced back in trading yesterday, jumping 3.9%. MAp announced plans to raise further capital through new shares issues following a court approval for MAp to go ahead with its internalisation plans.

Other notable movers in airport shares yesterday included Mexico’s airport operator, OMA, which slid 6.9% and Italy’s Aeroporto Toscano, whose shares fell 5.2% yesterday.

Selected airports daily share price movements (% change): 01-Oct-2009