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Airport news

Auckland Airport: Fixed rate public bond issue

Auckland International Airport Limited (“Auckland Airport”) has raised NZ$150 million from a public bond issue.

Simon Robertson, Auckland Airport’s chief financial offer, says, “The strong investor demand for the bonds confirms the public’s long-term confidence in the future of the Company.”

“The fixed rate bonds have a term of seven years and the annual interest rate has been set at 5.52%. This reflects a margin of 0.90% per annum over the seven year swap rate.”

“The bonds will be issued on 28 May 2014 with a maturity date of 28 May 2021. They have been assigned a long-term credit rating of A- by Standard & Poor’s,” says Mr Robertson.

There was no public pool for the bond offer, with 100% of the bonds reserved for clients of the Lead Manager and Co-Managers, institutional investors and other market participants.

Source / Author: Auckland Airport

Autor: Redakcja Świat

Redakcja Świat