Auckland Airport trims top end of likely bond interest rate

Tue, 25 Sep 2018

By Paul McBeth Sept. 26 (BusinessDesk) - Auckland International Airport has trimmed what it thinks it will have to pay investors on a six-year bond. The airport operator's new indicative margin for the note is now 0.95 percent to 1 percent above the swap rate, compared to the 0.95 percent-to-1.05 percent range it issued just two days ago. Over that period, the six-year swap rate has increased 1 basis point to 2.54 percent, implying the new bond will pay annual interest at 3.49 percent to 3.54 percent. The bookbuild will be completed t...

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