Auckland International Airport launches bond offer of NZ$100M
Key points
- Auckland International Airport has launched a fixed rate bond offering of up to NZ$100 million for retail and institutional investors.
- The retail bonds mature on Nov. 17, 2031, with an indicative margin range of 0.80% to 0.85% per annum.
- The company stated that the total combined issuance across retail and wholesale tranches will not exceed NZ$350 million.
Auckland International Airport (ASX:AIA) announced a retail bond offering of up to NZ$100 million with a five-year term on Nov. 4.
The retail offer features an indicative margin range of 0.80% to 0.85% per annum and is scheduled to mature on Nov. 17, 2031.
The company has allocated 100% of the retail bonds to approved institutional investors and clients of specific market firms.
The company also confirmed a parallel wholesale offer of up to NZ$150 million in floating rate bonds maturing in November 2029.
Following the announcement the Auckland International Airport share price was unchanged at $6.90.
The company stated that the retail bonds are expected to receive a long-term credit rating of A- from S&P Global Ratings.
The airport operator manages aviation infrastructure and retail precincts to support tourism and trade transport networks across New Zealand.
