Winnipeg Airports Authority closes $100 million bond offering

On March 9, 2023, Winnipeg Airports Authority Inc. ("WAA") closed an issue of $100 million Revenue Bonds, Series H, via a private placement, with Scotia Capital Inc. acting as lead agent.

The 10-year bonds were issued at a rate of 4.788% per annum until maturity on March 9, 2033. Standard & Poor's Rating Services assigned an A (positive) rating to the bonds. Moody's assigned an A1 rating.

Gowling WLG advised Scotia Capital Inc. in this financing with a team that included Bryce Kraeker, Radhika Vaidyanathan and Natasha Barrett.