Halifax International Airport Authority Issues $150M in Bonds

Halifax International Airport Authority (HIAA) completed its initial capital markets offering of debt securities on July 19, 2006, selling $150 million of airport revenue bonds by way of private placement to institutional investors across Canada. The bond issuance provides capital to finance HIAA's Airport Improvement Program. The 35-year 5.503 per cent bullet bonds are secured under a Capital Markets Platform Master Trust Indenture and are rated A+ by Standard and Poor's. CIBC World Markets Inc. acted as exclusive agent of HIAA for the issue.

Stewart McKelvey acted as HIAA's external counsel, with a team led by Jim Dickson that included Andrew Burke, Deane MacLeod and Andrew McFarlane. HIAA was also represented by its in-house counsel, John MacLean.

Gowling Lafleur Henderson LLP acted as dealer's counsel, with a team that included Guy David, Michael Boehm and Rob Davis (corporate finance and securities) and Carole Chouinard (tax), with additional support provided by Pierre Lissoir, Kate Lioubar, Brian Mainwaring and Brett Kagetsu.


Luc Lissoir Brett A. Kagetsu Andrew V. Burke Kate Lioubar Holzschuh Guy David James M. Dickson Deanne MacLeod Michael S. Boehm Brian W. Mainwaring Carole Chouinard Andrew J. McFarlane


Stewart McKelvey Gowling WLG