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Sydney Airport advised on 10-year multimillion-dollar eurobond issue

Sydney Airport advised on 10-year multimillion-dollar eurobond issue

Sydney airport

King & Wood Mallesons has advised the Sydney Airport on a multimillion-dollar European bond issue.

Firm: King & Wood Mallesons (Sydney Airport)

Deal: Sydney Airport has been adivsed on a 10-year European bond issue.

Value: €500 million 

Area: Finance

Key players: The legal team advising Sydney Airport was led by King & Wood Mallesons partners Jo Dodd and Elizabeth Hundt Russell, with support from senior associate Will Stawell, and solicitors Zoe Anderson, Marina Lauer and Alex Stevens.

Deal significance: Sydney Airport's new 10-year €500 million European bond issue is its first European bond issue since 2014.

Commenting on the transaction, King & Wood Mallesons partner Jo Dodd pointed to a busy period occurring in the euro market, coming from Aussie corporates.

“We have recently witnessed a flurry of activity in the euro market from Australian corporates, driven by greater competitiveness of euros versus US dollars," Ms Dodd said.

“We are proud to have advised Sydney Airport on this transaction, which will further diversify its funding sources.”

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