GTAA completes issue of 10-year Medium Term Notes



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S WIRE SERVICES/

    TORONTO, April 16 /CNW/ - The Greater Toronto Airports Authority (GTAA)
announces that it has completed an issue of $450 million, 10-year Medium Term
Notes. The Notes carry a fixed rate coupon of 4.85%. Proceeds of the offering
will be used to pay down existing indebtedness under the Company's Medium Term
Note program and bank facility and to fund capital expenditures and required
reserve funds.
    The successful offering was distributed by a syndicate led by BMO Nesbitt
Burns Inc., and included CIBC World Markets Inc., RBC Dominion Securities
Inc., Scotia Capital Inc., TD Securities Inc. and National Bank Financial Inc.
    The GTAA is the operator of Toronto Pearson International Airport, one of
the largest airports in North America in terms of passenger and air cargo
traffic. In 2006, the airport handled approximately 31 million passengers.

    This news release shall not constitute an offer to sell the Medium Term
Notes in the United States. The Medium Term Notes have not been and will not
be registered under U.S. securities laws and may not be offered or sold in the
United States or to U.S. persons except pursuant to an exemption from such
registration.





For further information:

For further information: Scott Armstrong, Manager, Media Relations,
(416) 776-3709


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