Auckland International Airport Ltd closed its new bond issue on Wednesday with $150 million allocated.
The offer to institutional & NZ retail investors was for $125 million plus up to $50 million of oversubscriptions. There was no public pool.
The interest rate was set at 3.51%/year, reflecting a 0.95% margin over the underlying swap rate. The 6-year fixed-rate bonds will be issued on 10 October.
The company has 5 existing bond issues for a total $675 million maturing between December 2019 & April 2023.
Attribution: Company release.