Christchurch airport raises $125m in bond offer

Additional proceeds from Christchurch airport's bond offer could be used for capital development projects. (Image: Depositphotos)

Staff reporters

Fri, 05 Apr 2024

Christchurch International Airport has raised $125 million in a seven-year bond offer that attracted $25m in over subscriptions.The bond offer opened on Tuesday and closed on Friday but was not made directly available to the public.The book build for the unsecured, unsubordinated, fixed-rate bonds resulted in $125m of bonds, including over subscriptions of $25m, allocated to clients of the joint lead managers BNZ and Westpac, primary market participants and other approved financial intermediaries. A long-term credit ratingChristchurch Inte...

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