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Aeroports de Montreal announces $200 million bond issue

Aeroports de Montreal ("ADM") announced today that it has issued a new series of revenue bonds to raise total capital of $200 million. The net proceeds from the sale of the bonds will be used to fund ADM's general corporate activities and its capital investment program.


June 15, 2015
By Aeroports de Montreal

Privately placed with institutional bond investors, the issue consists of $200 million of Series M bonds bearing interest at 3.918% and maturing in June 2045.

CIBC World Markets Inc. and RBC Dominion Securities Inc. acted as joint lead dealers and joint bookrunners and the syndicate also included Desjardins Securities Inc., National Bank Financial Inc., Casgrain & Company Limited and HSBC Securities (Canada) Inc.

Dominion Bond Rating Service and Moody’s Investors Service have both confirmed they are maintaining their respective existing ratings of A (high) and A1 and have also assigned the Series M bonds a rating of A (high) and A1, respectively.

This is the ninth bond issuance since 2002, raising $2 billion in total over that time to finance many airport expansion and modernization projects that have enabled ADM to practically triple the size of the terminal.

ADM is the local airport authority responsible for the management, operation and development of Montreal-Trudeau and Montreal-Mirabel international airports since 1992.