Auckland International Airport launches retail bond offer

Company News

by Anna Napoli

Auckland International Airport (ASX:AIA) has announced it is offering up to NZ$125 million of six year fixed rate bonds.

The offer opens today with an indicative margin range of 0.95 to 1.05 per cent per annum, and the bonds will mature on the 10th of October 2024.

The bonds are expected to be assigned a long term credit rating of A- by ratings agency, Standard and Poor's.

The offer will close on the 26th of September following completion of the bookbuild process.

Shares in Auckland International Airport (ASX:AIA)  closed 1.97 per cent higher to $6.73 on Friday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.