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
In an environment of heightened risk, investor appetite for security will be hungry for Auckland Airport’s (AIA) looming public offer of $50 million of bonds.
The monopoly company plans to follow up their November bond issue with direct, unsecured, unsubordinated debt obligations “of the issuer”, with a maturity date of 28 February 2014 and a fixed rate of interest to be announced before the issue opens this month.
Auckland Airport refused to comment further on the issue to NBR, as although there are staff working on the bond issue, the communications team are on holiday.
Further details about the offer will be released shortly. The offer is expected to stay open until the end of March 2009.
Auckland Airport is looking for preliminary expressions of interest, which should be made to your financial advisor.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Bob Jones ejected from Air NZ flight as fellow passengers applaud
- Sir Ralph Norris to step down from Fonterra board in November
- Financial forecast error plants doubt in potential investors' minds
- MARKET CLOSE: Shares fall, led by Metro Glass; Spark, Fletcher sold in offshore exodus
- Government seeks $1b saving by making Puhoi-Warkworth Highway a PPP