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.