Sydney Airport Finance Co Pty Ltd (SYDAU)

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Sydney Airport Finance Co Pty Ltd (SYDAU)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	SYDAU	Sydney Airport Finance Co Pty Ltd	€1,000		1	APAC	Apr 20, 2023

Tranche #1Sydney Airport Finance Co Pty Ltd

currency

EUR

size (m)

1,000.000

maturity

May 3, 2033

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Secured

moody's

Baa1

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+165 a

ipt-pxd

guidance

MS+140 a

spread

135

coupon

4.375%

spread set

price

99.46000

yield

4.443%

book size (m)

3,900

peak book (m)

x-covered

3.9

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

3,900

peak book (m)

x-covered

3.9

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 3900; Registration: Reg S Only; Comments: EUR1bn 10yr bmk snr sec RegS. Baa1/BBB+/NR. BNPP/CA-CIB(B&D)/RBC/SG. IPTs MS+165 area, guidance MS+140 area (+/-5) for 750m-1bn max, launch MS+135 for 1bn. Final books ~3.9bn (peak 4.25bn+). DBR 2.3% 2033 +199.0 (Spot 98.670). LEI: 549300MJAANHLHOVTO40. Par Call: 3m. MWC: B+30bps. CoC: 101%;

Guarantor(s)

Southern Cross Airports Corp Pty Ltd, Southern Cross Airports Corp Holdings Ltd, Sydney Airport Corp Ltd, Sydney Airport RPS Co Pty Ltd

Use of Proceeds

Refinancing and general corporate purposes

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