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Sydney Airport - Australia's busiest and most important aviation hub for both passengers and freight
- was opened in 1920 and is one of the oldest continuously operating airports in the world.
- Sydney Airport covers 907 hectares on the shoreline of Botany Bay,
- eight kilometres south of Sydney's central business district.
- The airport is a dynamic economic centre, requiring the services of some 500 businesses and organisations to meet the needs of airport users.
- Sydney Airport is owned under a 50 year leWhile St.George is keen to grow its business
with all the major institutional investors in
Australia and offshore – particularly in Asia
– who have A$ requirements, Hamilton says
that at the end of the day the lion’s share
goes to the domestic market, mainly fund
managers. “They’re the guys who support
us strongly at the short end of the market
as well. We do enormous amounts of funding
for the bank in the local NCD and bill markets
– depending what we have in the portfolio
– because they’re happy with our name,
and they’re prepared to invest out along
the curve.”
St.George was also the first issuer to
respond to the draft ruling given by the
Australian Prudential Regulation Authority
(APRA) in April 2004 that it would only
approve Tier 1 securities that were treated as
equity both under the existing standards and
under the International Financial Reporting
Standards (IFRS) that took effect in January
2005. In July, St.George announced an
offer of non-cumulative, redeemable and
convertible preference shares called SAINTS
(Subordinated Adjustable Income Nonrefundable
Tier 1 Secur ...