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

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...

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