TORONTO, Feb. 16 /CNW/ - The Greater Toronto Airports Authority (the
"GTAA") announced today that it has exercised its right to redeem all
$325 million of the outstanding Series 2008-2 Medium Term Notes (the
"Bonds") on March 21, 2011 (the "redemption date").
The redemption price, determined in accordance with the provisions of
the Master Trust Indenture dated December 2, 1997, the Eleventh
Supplemental Indenture dated February 14, 2008 and Pricing Supplement
No.2 dated December 3, 2008, will be calculated on March 16, 2011. The
redemption price, together with accrued interest will be paid on the
Notice of redemption was delivered today to CDS Clearing and Depository
Services Inc. ("CDS") and the trustee, BNY Trust Company of Canada.
Non-registered holders, (banks, brokerage firms or other financial
institutions) who maintain their interests in the Bonds through CDS,
should contact their CDS customer service representative with any
questions about the redemption. Alternatively, beneficial holders with
any questions about the redemption should contact their representative
brokerage firm or financial institution, which holds interests in the
Bonds on their behalf.
The GTAA is the operator of Toronto Pearson International Airport, the
busiest airport in Canada and one of the largest airports in North
America in terms of passenger and air cargo traffic. In 2010, Toronto
Pearson handled an estimated 31.9 million passengers. The focus of the
GTAA continues to be on competitiveness, growing the airport's status
as an international gateway, meeting the needs of our travellers, and
ensuring the long-term success of the organization, our airline
customers and the regional economy.
SOURCE Greater Toronto Airports Authority
For further information:
GTAA Media Office (416) 776-3709