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Vancouver International Airport Authority Issues Private Placement of $200-million in Debentures

Nov. 9, 2007, Richmond, B.C. - Vancouver International Airport Authority  yesterday announced that it has agreed to issue a private placement of $200 million of 5.020% Series E Debentures due Nov. 13, 2015.


November 9, 2007
By Carey Fredericks

Nov. 8, 2007, Richmond, B.C. – Vancouver International Airport Authority announced
yesterday that it has agreed to issue a private placement of
$200 million of 5.020% Series E Debentures due Nov. 13, 2015. The private
placement was led by BMO Capital Markets. The distribution is scheduled to
close on or about November 14, 2007.
       
The Airport Authority will use a portion of the proceeds of such
placement to repay its Floating Rate Notes, Series C Debentures due
November 14, 2007 and will use the balance of the proceeds for general
corporate purposes and to fund its ongoing capital program.

       
About Vancouver International Airport Authority

The Airport Authority is a community-based, not-for-profit organization
that operates Vancouver International Airport (YVR). Canada's second busiest
airport, YVR expects to welcome 17.4-million passengers in 2007. The Airport
Authority is undertaking a $1.0-billion capital program that will ensure the
airport meets the growing demand for air travel, and continues to be developed
as a premier global gateway and economic generator for British Columbia.