Wellington Airport plans to sell $60 million of 8-year bonds

Sun, 24 Jul 2016

By Tina Morrison July 25 (BusinessDesk) - Wellington International Airport plans to sell as much as $60 million of eight-year bonds, joining a growing number of companies taking advantage of record low-interest rates through the debt market. The Wellington-based company is considering the offer of unsecured, unsubordinated, fixed-rate bonds maturing on Aug. 5, 2024, to New Zealand retail and institutional investors for "general corporate purposes", it said in a statement. The company expects to pay a margin on the bonds of between 1.65...

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