Auckland Airport seeks up to $100 mln in new six-year bond

Sophie Boot
Sun, 08 Oct 2017

By Sophie Boot Oct. 9 (BusinessDesk) - Auckland International Airport plans to sell up to $100 million of six-year bonds, replacing a note set to mature next week A $100 million bond which matures on Oct. 17, paying annual of 5.47 percent and is currently trading at a yield of 2.5 percent. The new offer is for $75 million with up to $25 million in oversubscriptions, maturing in April 2023. The 2023 bond will open with an indicative margin range of 0.82 percent to 0.87 percent per year, which at today's six-year swap rate of 2.88 percen...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Red Stag engineers deal with Timberlab
Brent Melville | Tue, 09 Aug 2022

Rotorua-based Red Stag sees the engineered timber group as the glue that will fit the missing pieces of the puzzle together.

Full Page FREE
Register: Prospa webinar – how small businesses can do digital transformation better
Staff reporters | Tue, 09 Aug 2022

The third and final webinar will focus on how small businesses can do digital transformation better and it will go live at midday on Monday, 15 Aug.

The Quiz FREE
QuiznessDesk, Tuesday, Aug 09, 2022
The Quizmaster | Tue, 09 Aug 2022

The wettest month on record has passed, so it's time to enjoy your daily quiz while basking in the sunlight. 

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Sponsored
Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).