Auckland International Airport
(ASX:AIA) has launched a retail bond offer offering up to NZ$75 million fixed rate bonds.
The NZ airport’s bonds mature in April 2023, while it also has the ability to accept up to NZ$25 million of over subscriptions, which would take the total capital raising to NZ$100 million.
The bonds are expected to be given a A- rating by Standard and Poors.
The bonds offer an indicative margin range of 0.82 per cent to 0.87 per cent with interest rates ranging from 5.52 per cent, to 3.97 per cent.
Shares in Aukland International Airport
(ASX:AIA) closed flat on Friday $5.74.
