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Auckland Airport to sell $100M of 6-year retail bonds
Auckland Airport plans to sell $100M of 6-year bonds to retail investors
Sept. 29 (BusinessDesk) - Auckland International Airport Ltd., New Zealand's busiest, plans to sell $100 million of six-year bonds to retail investors.
Details of the unsecured notes are to be released next month, when the offer is to open, the company said in a statement. It hasn't yet given the interest rate the bonds will pay.
The airport company has hired Bank of New Zealand as lead manager and Craigs Investment Partners as co-manager.
Auckland Airport has five bonds that trade on the NZDX market with a combined total of $455 million outstanding, according to the NZX website. The maturities range from November 2012 to November 2016 and the coupons from 7% to 8%.
(BusinessDesk)
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