/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S WIRE/
TORONTO, Sept. 21, 2012 /CNW/ - The Greater Toronto Airports Authority (GTAA) today announced that it
has completed an issue of $400 million, 10-year Series 2012-1 Medium
Term Notes. The notes carry a fixed 3.04 per cent coupon. The issue was
oversubscribed with 58 institutional investors participating. Proceeds
of the offering will be used to fund future debt repayments, including
the Series 2002-2 Medium Term Notes which mature on December 13, 2012,
future capital expenditures and to fund required reserve funds. The
successful offering was distributed by a syndicate co-led by BMO
Nesbitt Burns Inc. and CIBC World Markets Inc., and included National
Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc.
and TD Securities Inc.
The GTAA is the operator of Toronto Pearson International Airport,
Canada's biggest airport and one of the largest airports in North
America in terms of passenger and air cargo traffic. In 2011, Toronto
Pearson handled 33.4 million passengers and is ranked 4th largest in
international passenger traffic in North America. The focus of the
GTAA continues to be on competitiveness, growing the airport's status
as an international gateway, meeting the needs of our guests 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:
Contact: GTAA Media Office (416) 776-3709