Wellington Airport to sell $100m of bonds

Friday 28th November 2008

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

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:

New Zealand Rural Land Company Limited (NZX: NZL) Agreement to acquire large scale dairy asset portfolio
EROAD Limited (NZX: ERD) launches Clarity Solo Dashcam
22nd October 2021 Morning Report
Pictor ready to roll out game-changing COVID antibody test in New Zealand
Scott Technology Limited (NZX: SCT) Announces FY21 Results
21st October 2021 Morning Report
Greenfern Industries Limited (NZX: GFI) L&Q Notice
TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
20th October 2021 Morning Report
Freightways Limited (NZX: FRE) Acquisition of ProducePronto