Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Airport Bond Issue Closes Fully Subscribed

Auckland Airport Bond Issue Closes Fully Subscribed

Auckland Airport today announced that its full offer of $130 million of retail bonds is now completely subscribed.

This subscription includes the exchange offer reserve of $50 million, which closed yesterday, set aside for holders of existing Auckland Airport unsubordinated, unsecured, fixed rate bonds.

It also includes the subsequent take-up from the general public of the remaining bonds from the balance of the exchange offer reserve.

Chief financial officer for Auckland Airport, Jason Dale, said, “We are extremely pleased at the overall success of the bond issue at a time of great financial uncertainty. We see the strength of the demand for the offer as a strong signal that investors view Auckland Airport as a relatively safe port in an economic storm.”

The bonds offered investors an opportunity to invest in an iconic kiwi long-term infrastructure business.

They are direct, unsecured, unsubordinated debt obligations of Auckland Airport. The bonds will have a maturity date of 15 November 2016.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: