FIJI NEWS | NATION

Fiji Airports Chairman, Geoffrey N. Shaw: The Financing Facility Partnership With ANZ And AIFFP

“The total financing facility negotiated with ANZ in conjunction and with the support of the Australian Infrastructure Financing Facility for the Pacific (AIFFP) has no foreign exchange exposure. “Additionally, this
05 Aug 2021 16:50
Fiji Airports Chairman, Geoffrey N. Shaw:  The Financing Facility Partnership With ANZ And AIFFP
Nadi International Airport.

“The total financing facility negotiated with ANZ in conjunction and with the support of the Australian Infrastructure Financing Facility for the Pacific (AIFFP) has no foreign exchange exposure.

“Additionally, this facility has been undertaken without the need or request for a Fijian Government guarantee.

“ANZ has provided the substantive portion of loan funds with the balance funded by AIFFP, in addition to providing ANZ with a support guarantee.”

 

“This loan facility refinances our existing Nadi Airport Terminal Modernisation Project (NATMP) infrastructure loan balance that we have been routinely paying down since inception.”

“The remaining finance is an infrastructure facility available for our Board approved Capital Works Projects, currently in train.”

“The entire facility provides the financial stability and security to sustain our business currently and to future proof our trading ramp up to the return of normal revenue generation.”

 

“Fiji Airports has independently and exclusively secured this finance as a stand-alone commercial facility.”

“The finance providers well recognised the commercial strength of Fiji Airports in a normal trading environment, which in itself enabled this deal structure.”

“They understand and have faith in our capacity and ability to both service the debt and pay down the principal once we recommence normal operations post international borders reopening.”

 

“Negotiations for the structure of this facility are quite unique and innovative, involving protracted discussions and commercial negotiations that commenced twelve months ago in July 2020.”

“Fiji Airports has previously stated in our media release of 01 August 2021, and again confirms this loan facility is a commercial undertaking by Fiji Airports for our Capital Works Projects, previously committed and to a greater degree, well advanced under construction.”

“The loan facility provides certainty for the future wellbeing of Fiji Airports as a major contributor to the Fijian economy.”

 

Feedback: waisean@fijisun.com.fj



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