Bond issue

Auckland International Airport chief executive Adrian Littlewood

Auckland Airport seeks $100m in bond issue

Mon 2 Nov

The A- rated bonds will be used for "general corporate purposes".

Harbour Asset Management director of fixed interest portfolio management Mark Brown

Timely Fonterra sale of six-year bonds draws oversubscriptions

Thu 16 Apr

Fonterra sold a total $350 million of the bonds, which pay annual interest of 4.33%, or 75 basis points over the comparable swap rate.

Fonterra CEO Theo Spierings and chairman John Wilson

Investors gobble up Fonterra bonds

Thu 16 Apr 1

The prospect of a 75 basis point margin over the current interest swap rate, saw the $250 million bond issue oversubscribed by $100 million.

Mighty River Power raises $100m in wholesale bond issues to repay debt

Wed 27 Feb

The bonds are part of a refinancing programme and the proceeds will be used for general corporate purposes.

Heartland plans bond issue

Mon 8 Aug 2

Heartland, the combined Marac Finance, CBS Canterbury, and Southern Cross Building Society, is considering launching a bond issue as part of its funding strategy.

TrustPower considers $100m bond issue

Tue 7 Sep

TrustPower (NZX: TPW) is considering a bond issue of up to $100m in a bid to repay debt and boost its maturity profile.

In a statement to NZX today, the electricity generator said it intends to offer up to $75m in senior bonds with the option to accept up to $25m in oversubscriptions at TrustPower’s discretion.

The senior bonds will have a term of about seven years, maturing on 15 December 2017.


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