Adelaide Airport Limited Embarks on a $1 Billion Upgrade, Launches Bond Issue to Fuel Growth and Enhance Infrastructure

Adelaide Airport Limited, managed by New Terminal Financing Company Pty Limited, has undertaken a significant capital improvement programme with a planned expenditure of $1 billion to be completed by 2028. The airport has initiated a bond issue, part of its A$1,000,000,000 Medium Term Note Programme, to secure the necessary funding for these developments. This fixed-rate issuance of 5.667% p.a, with a 7-year term, is set to mature on 18 April 2031.


The bond has been assigned ratings of Baa2 (Stable) by Moody’s and BBB (Stable) by Standard & Poor’s, reflecting the airport’s creditworthiness. This move is aligned with Adelaide Airport’s strategic objectives to upgrade its capacity and services, following a year in which it handled 7.8 million passengers, emphasising its role as South Australia’s primary international and interstate travel gateway.


The proceeds are earmarked for infrastructure enhancements aimed at improving customer experience and streamlining operations. These enhancements are critical to support anticipated passenger growth and to elevate the airport’s service offerings.

This financial initiative by Adelaide Airport Limited is a key element of its commitment to supporting the regional economy by enhancing its key infrastructure assets.