Airport bond goes off at 5.52 percent

Auckland International Airport 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.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Devon Funds Morning Note - 17 April 2024
Consultation opens on a digital currency for New Zealand
TWL - TradeWindow's $2.2 million capital raise now unconditional
April 17th Morning Report