Auckland Airport raises $150 mln in wholesale bond issue, mulls retail offer

Thu, 03 Apr 2014

April 3 (BusinessDesk) - Auckland International Airport, the country’s main aviation gateway, raised $150 million in a wholesale bond issue, and is mulling a retail offer to help fund its capital return to shareholders. The airport will use the funds raised from the wholesale issue to pay for part of the $454 million capital return on April 14, it said in a statement. The three-year floating wholesale bond was sold to New Zealand institutions and has a margin of 60 basis points. “While the floating rate bond was not a public offer, we are...

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