Auckland Airport bond goes off at 5.52%

Auckland International Airport
Auckland International Airport 12-month price history (NZX.com)

Auckland International Airport [NZX: AIA] is paying a 5.52 percent coupon on a NZ$150 million seven year bond issue taken up entirely by its lead managers and institutional investors.

The interest "reflects a margin of 0.9 percent per annum over the seven year swap rate," said the airport's chief financial officer, Simon Robertson, in a statement.

To be issued on May 28 and maturing in 2021, the bonds carry an A-minus long-term credit rating from Standard & Poor’s.

There was no public pool for the bond offer, which was reserved for clients of the lead and co-lead managers, ANZ Bank, Deutsche Craig and Forsyth Barr, institutional investors and other market participants.

(BusinessDesk)


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7019 -0.0025 -0.35%
AUD 0.9418 0.0022 0.23%
EUR 0.6259 -0.0013 -0.21%
GBP 0.5426 -0.0003 -0.06%
HKD 5.4685 -0.0178 -0.32%
JPY 78.4570 -0.1210 -0.15%

Commods

Commodity Price Change Time
Gold Index 1256.4 -2.470 2017-05-25T00:
Oil Brent 51.8 -2.520 2017-05-25T00:
Oil Nymex 48.9 -2.480 2017-05-25T00:
Silver Index 17.2 0.070 2017-05-25T00:

Indices

Symbol Open High Last %
NZX 50 7434.5 7436.0 7434.5 -0.04%
NASDAQ 6183.0 6217.3 6163.0 0.69%
DAX 12693.8 12697.7 12642.9 -0.17%
DJI 21063.0 21112.3 21012.4 0.34%
FTSE 7514.9 7529.7 7514.9 0.04%
HKSE 25511.5 25680.7 25428.5 0.80%
NI225 19798.5 19798.5 19813.1 -0.07%
ASX 5789.6 5789.6 5789.6 -0.62%