Auckland Airport plans $100m bond offer

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Auckland International Airport, the country's major gateway, plans to launch a $100 million bond offer and has asked for early expressions of interest.

The unsecured, unsubordinated fixed-rate bonds are expected to be seven-year notes, the airport says in a statement.

Full details will be published next week.

The offer comes after a tranche of the airport's listed bonds matured on November 7.

Australia & New Zealand Banking Group is lead manager, with Forsyth Barr as co-manager.

This month, Auckland Airport new chief executive Adrian Littlewood took over after predecessor Simon Moutter left to lead Telecom.

The shares fell 1.1% to $2.635 in trading yesterday and have gained 5.8% this year.

(BusinessDesk)


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

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7592 0.0008 0.11%
AUD 0.9692 0.0009 0.09%
EUR 0.6979 0.0061 0.88%
GBP 0.5112 0.0014 0.27%
HKD 5.8864 0.0053 0.09%
JPY 90.4910 -0.1470 -0.16%

Commods

Commodity Price Change Time
Gold Index 1204.8 7.800 2015-03-26T00:
Oil Brent 59.2 2.710 2015-03-26T00:
Oil Nymex 51.4 2.220 2015-03-26T00:
Silver Index 17.1 0.130 2015-03-26T00:

Indices

Symbol Open High Last %
NZX 50 5833.2 5833.7 5833.2 -0.01%
NASDAQ 4835.7 4889.2 4876.5 -0.27%
DAX 11736.3 11849.4 11865.3 -0.18%
DJI 17716.3 17759.5 17718.5 -0.23%
FTSE 6991.0 6991.0 6991.0 -1.37%
HKSE 24442.5 24592.0 24528.2 -0.13%
NI225 19605.6 19623.1 19746.2 -1.39%