Auckland International Airport Ltd said on Monday it was considering offering up to $150 million of fixed rate bonds to the public.
Chief financial officer Simon Robertson said: “The proceeds from the public bond issue would be used to partially refinance our $454 million capital return as well as other general corporate purposes, and would follow last month’s $150 million successful floating rate bond issue to wholesale investors.
“Full details of the bond issue will be released around 19 May. However, we expect the bonds to have a 7-year maturity and be unsecured & unsubordinated. Their issue will be undertaken in reliance on the exclusion in clause 19 of schedule 1 of the Financial Markets Conduct Act 2013 and we expect the bonds to be quoted on the NZX Debt Market.”
ANZ Bank NZ Ltd has been appointed as lead manager, Deutsche Craigs Ltd & Forsyth Barr Ltd as co-managers.
Attribution: Company release.