GTAA completes successful issue of 30-year Medium Term Notes

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

TORONTO, June 7 /CNW/ - The Greater Toronto Airports Authority (GTAA) today announced that it has completed an issue of $400 million, 30-year Medium Term Notes. The notes carry a fixed 5.63 per cent coupon. The issue was oversubscribed with 53 institutional investors participating. Proceeds of the offering will be used to fund future debt repayments and capital expenditures and to fund 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, the busiest airport in Canada and one of the largest airports in North America in terms of passenger and air cargo traffic. In 2009, Toronto Pearson handled 30.4 million passengers and over 439 thousand metric tonnes of cargo. 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.

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.

SOURCE Greater Toronto Airports Authority

For further information: For further information: GTAA Media Office, (416) 776-3709


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