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.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- Campbell Gibson, Nick Grant and Chelsea Armitage chat about the inner workings of New Zealand media
- Paul Brislen discusses the 'snake oil' sales tactics of SalesConcepts
- Fonterra chief executive Theo Spierings reveals his ambitious China plan
- UDC Finance chief executive Wayne Percival talks about the company's profit
- Hamish McNicol discusses the latest court stories
- Trilogy International CEO Angela Buglass reviews another bumper result
- Eroad CEO Steven Newman talks about his company's revenue increase
- What do the latest terrorism attacks in Mali and Israel mean? Nathan Smith discusses the latest foreign affairs news
- NZ Windfarms departing director Michael Stiassny speaks out after board exit
- James Mayo talks about SOS Hydration's growth plans after Snowball offer
- Michael Wood on whether he would run in Mt Roskill
- SAFE's Abi Izzard quizzed over protest of a caged hen operation at Pukekohe