Wellington Airport falls short of target with $70 mln raised in latest bond offer

Tue, 14 Feb 2017

By Paul McBeth Feb. 15 (BusinessDesk) - Wellington International Airport, the Infratil-controlled capital city gateway, raised $70 million through a bond offer, falling short of its target and with the bulk winding up with one investor. The airport operator sought $75 million from the bond issue with the capacity to accept oversubscriptions of up to $25 million for the notes which mature on June 16, 2025, paying annual interest of 5 percent. At the time of the offer, Wellington Airport negotiated a side deal with an institutional investo...

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