Auckland Airport gains as US investor sentiment tested

Monday 8th November 2010

Auckland International Airport is testing American appetite for debt as it looks to roll over upcoming bank loans.

The airport is holding a roadshow in the US to look at raising funds in a private placement to American investors, the company said in a statement.

The funds will be used to refinance debt maturing in March.

Auckland Airport has a bank facility worth $125 million on a floating interest rate maturing in March, according to its 2010 annual report.

That’s about 10% of its total borrowings. The shares were unchanged at $2.16 in trading today.

Businesswire.co.nz

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