Sydney Airport refinancing

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first_imgThis is the first time that the Airport had used the European bond market and it was utilised because Ms Mather believes it allows more flexibility in debt raising. Sydney Airport has finished refinancing on Australian bank debt and European bond markets to meet its debt liabilities. The airport has raised AUD $ 1 billion on European bond markets and AUD $1.5 billion through Australian bank debt, the Sydney Morning Herald reported. Sydney Airport will use the debt to fund its backlog of capital works out to 2016.center_img Sydney Airport chief executive Kerrie Mather said that the refinancing package was a “landmark” and allowed the airport to meet its current AUD $822 million liabilities. Source = ETB News: Tom Nealelast_img

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