Friday 19th August 2011
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Air New Zealand Ltd will seek to raise $150 million by selling bonds.
The majority government-owned airline said the money raised would be used for general business purposes.
The joint lead managers of the bond sale, which is yet to open or be priced, will be First NZ Capital Securities and Craigs Investment Partners.
The bonds will be unsecured and unsubordinated. They will pay a fixed rate and will mature on November 15, 2016.
Separately, Fitch Ratings today assigned an AA minus rating to a note maturing in July 2016 being marketed by an Australian subsidiary of Fonterra. New Zealand Milk's (Australasia) $A300m ($NZ378m) of notes pay 6.25 percent.
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