Auckland airport launches $200 million bond offer

(Image: Supplied)

Mon, 06 May 2024

Auckland International Airport is offering up to $200 million of six-and-a-half-year fixed-rate bonds to retail and institutional investors. It can accept up to $50m in oversubscriptions.The issue price is $1.00 per bond, and the minimum principal and minimum holding amounts are $10,000.The offer will open today with an indicative margin range of 1.00% to 1.05% per annum, and the bonds will mature on Nov 15 2030.An announcement of the actual margin and the interest rate on the bonds will be made following the conclusion of the bookbuild process...

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