Sharechat Logo

Wellington Airport to sell $100m of bonds

Friday 28th November 2008

Text too small?
Wellington International Airport plans to raise as much as $100 million selling bonds maturing in 2013 to fund general business expenses and pay debt.

The offer will be for $50 million of the bonds with oversubscriptions of an additional $50 million, it said in a statement.

The airport company will retain the right to redeem the bonds early at the higher of either market value of par plus accrued interest, it said. The interest rate will be set following the opening of the offer, it said.

ANZ National Bank and First NZ Securities have been appointed managers of the offer.

By Jonathan Underhill



  General Finance Advertising    

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.

Related News:

Comvita appoints Andrea Wilkins as Chief Marketing Officer
Synlait provides banking facilities update
CHI - Channel Infrastructure delivers solid FY25 financial result
February 27th Morning Report
TRU - Results Guidance FY2026
TRU - Results Guidance FY2026
MEE - Me Today announces six-month results to 31 December 2025
HGH - Heartland announces 1H2026 result
BRW - FY26 Half Year Results Announcement
February 25th Morning Report