Auckland Airport launches $125m bond issue

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 Ltd has returned to the corporate bond market with a $125 million bond sale which opened yesterday.

The bonds mature on November 27, 2014 and pay 7 percent per annum. They are direct, unsecured, unsubordinated debt obligations with an A minus rating from Standard and Poor's. An application will be made for the bonds to trade on NZX's debt market.

"Auckland Airport is pleased to return to the New Zealand bond market after the positive experience it has had with past issues," chief financial officer Simon Robertson said.


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 0.7564 0.0062 0.83%
AUD 0.9649 -0.0024 -0.25%
EUR 0.6753 0.0040 0.60%
GBP 0.4912 0.0027 0.55%
HKD 5.8650 0.0468 0.80%
JPY 90.3020 0.1000 0.11%

Commods

Commodity Price Change Time
Gold Index 1208.2 -6.090 2015-03-02T00:
Oil Brent 60.2 0.370 2015-03-02T00:
Oil Nymex 49.6 0.000 2015-03-02T00:
Silver Index 16.4 -0.107 2015-03-02T00:

Indices

Symbol Open High Last %
NZX 50 5892.7 5911.0 5892.7 0.02%
NASDAQ 4990.7 4996.7 5008.1 -0.54%
DAX 11424.7 11465.2 11410.4 -0.42%
DJI 18134.0 18288.6 18132.7 0.86%
FTSE 6940.6 6963.6 6940.6 -0.34%
HKSE 24984.6 24984.6 24887.4 -0.74%
NI225 18910.5 18910.5 18826.9 -0.06%