Auckland Airport plans to raise up to $175M in bond sale

Thu, 20 Sep 2018

By Margreet Dietz Sept. 21 (BusinessDesk) - Auckland International Airport plans to sell up to $175 million of six-year fixed-rate bonds to institutional and retail investors as it seeks to help fund its biggest ever infrastructure spending programme. The new offer, which is expected to open Monday, is for $125 million, with up to another $50 million available through oversubscriptions, the company said in an investor presentation. The offer is set to close at 2pm on Wednesday. The bonds, which mature in October 2024, will pay intere...

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