Auckland Airport bond goes off at 5.52%

Auckland International Airport
Auckland International Airport 12-month price history (NZX.com)

Auckland International Airport [NZX: AIA] is paying a 5.52 percent coupon on a NZ$150 million seven year bond issue taken up entirely by its lead managers and institutional investors.

The interest "reflects a margin of 0.9 percent per annum over the seven year swap rate," said the airport's chief financial officer, Simon Robertson, in a statement.

To be issued on May 28 and maturing in 2021, the bonds carry an A-minus long-term credit rating from Standard & Poor’s.

There was no public pool for the bond offer, which was reserved for clients of the lead and co-lead managers, ANZ Bank, Deutsche Craig and Forsyth Barr, institutional investors and other market participants.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.6667 -0.0016 -0.24%
AUD 0.9400 -0.0009 -0.10%
EUR 0.5905 -0.0019 -0.32%
GBP 0.4589 -0.0013 -0.28%
HKD 5.1931 -0.0146 -0.28%
JPY 75.1480 -0.5380 -0.71%

Commods

Commodity Price Change Time
Gold Index 1194.6 -4.000 2016-02-10T00:
Oil Brent 31.5 0.520 2016-02-10T00:
Oil Nymex 27.5 -0.430 2016-02-10T00:
Silver Index 15.3 -0.170 2016-02-10T00:

Indices

Symbol Open High Last %
NZX 50 6019.5 6028.7 6019.5 -0.54%
NASDAQ 4318.3 4369.6 4268.8 0.35%
DAX 8887.9 8899.6 9017.3 -2.41%
DJI 16035.6 16201.9 16014.4 -0.62%
FTSE 5672.3 5672.3 5672.3 -2.37%
HKSE 18486.9 18627.5 19288.2 -3.85%
NI225 16127.9 16163.0 16085.4 -2.31%