Business Services Industry

AUSTRALIA'S MACQUARIE AIRPORTS COMPLETES US$532.1 MLN IPO.

AsiaPulse News, April, 2002

SYDNEY, April 2 Asia Pulse - The airports division of Australia's Macquarie Bank Ltd (ASX:MBL) has announced the completion of a $A1 billion ($US532.1 million) initial public offering.

Macquarie Airports said the offer had closed and all retail applications had been met in full.

Macquarie Airports stapled securities were allotted last Thursday while holding statements will be dispatched tomorrow.

Each stapled security is made up of one unit in each Macquarie Airports Trust (MAT 1) and Macquarie Airports Trust (2) (MAT2) and one share in Macquarie Airports Holdings (Bermuda) Ltd (MAHBL).

Shares in Macquarie Airports Group Ltd were issued to MAHBL pursuant to a subscription deed outlined in the Macquarie Airports prospectus.

Among...

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