Thursday 10th October 2013 |
Text too small? |
Wellington International Airport is to reduce its bond holdings, seeking to refinance up to $75 million of retail bonds at 6.25 percent to replace $100 million of 7.25 percent bonds maturing next month.
Infratil-controlled WIAL, which is also 33 percent owned by the Wellington City Council, is seeking $50 million, but says it will take oversubscriptions up to $75 million for the "direct, unsecured, unsubordinated, fixed rate debt obligations of WIAL."
The company has another $150 million of bonds on its books, maturing in August 2017 and reflecting historic low interest rates, being serviced at 2.89 percent interest with a recalculation clause applying from last year's anniversary.
BusinessDesk.co.nz
No comments yet
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained
Devon Funds Morning Note - 23 April 2024
April 23rd Morning Report
RYM - Group CEO Update
BGI - Director Michael Chai
RAD - Final Dividend and Strong FY24 Operating Performance
RYM - Group CEO Update