Winnipeg Airports Authority to better manage interest rate exposure with new bond issuance
October 2, 2017
WINNIPEG, MB – October 2, 2017 – Winnipeg Airports Authority Inc. (WAA) announced today the closing of a $125 million privately-placed bond issue, with CIBC World Markets acting as sole agent.
The new bond issuance allows WAA to strategically manage its interest rate exposure while paying down the debt still owing from the redevelopment of the airport.
The bonds are designated Revenue Bond Series F and are at a coupon rate of 3.659 per cent for 30 years.
WAA has developed a strong reputation as a fiscally prudent company since taking over responsibility for the operation and management of the Winnipeg Richardson International Airport campus 20 years ago. Under WAA’s leadership the campus has attracted new businesses, including Greyhound and Canada Post, built a world-class new terminal to service the community well into the future, and has become one of Canada’s busiest cargo airports.
WAA’s success is exemplified by its recent rating by Moody’s at A2 (positive) and its Standard & Poors A (stable) rating.
About Winnipeg Airports Authority Inc.
Winnipeg Airports Authority Inc. is a non-share capital corporation, meaning all net revenue is reinvested back into the company. WAA is responsible for the management and operation of Winnipeg Richardson International Airport, the Iqaluit International Airport and other affiliated businesses. WAA is a leader in transport innovation and growth, providing excellent airport services and facilities in a fiscally prudent manner. WAA is one of Manitoba’s Top 25 Employers for 2017, the sixth year in a row. Learn more at WAA.ca/About.
Director, Corporate Communications & Public Affairs
Winnipeg Airports Authority Inc.
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