Auckland Airport plans $100m bond offer

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)

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