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.