Auckland International Airport Ltd’s $100 million 6-year retail bond issue closed fully subscribed on Wednesday and the interest rate has been set at 3.64%/year. Initially the company said the rate was 3.62%/year.
The indicative margin range was 0.82-0.87% over the underlying swap rate, and the rate set is at the bottom of that range.
Auckland Airport offered $75 million of bonds, with the ability to accept $25 million of oversubscriptions. There was no public pool for the offer.
The bonds will be issued next Tuesday, 17 October.
Attribution: Company release.