Auckland Airport cuts fine deal in US$250M bond issue

Auckland Airport cuts fine deal in US$250M bond issue
By Paul McBeth Jul. 25 (BusinessDesk) - Auckland International Airport has sold US$250 million of bonds in the final tranche of a financing package to pay for its capital return to shareholders earlier this year at what it says is the lowest borrowing margin for a facility of its kind for a decade. The country's major gateway sold the debt on the US Private Placement market, a private bond market, in a single 12-year tranche paying annual interest of 3.61 percent, it said in a statement. The proceeds will repay a $130 million bridging loa...