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

 


Auckland Airport considers public fixed rate bond issue

Auckland Airport considers public fixed rate bond issue

Auckland International Airport Limited (“Auckland Airport”) announced today that it is considering offering up to NZ$150 million of fixed rate bonds to the public.

Simon Robertson, Auckland Airport’s chief financial officer, says, “The proceeds from the public bond issue would be used to partially refinance our $454 million capital return as well as other general corporate purposes, and would follow last month’s $150 million successful floating rate bond issue to wholesale investors.”

“Full details of the bond issue will be released around 19 May, however we expect the bonds to have a seven year maturity and be unsecured and unsubordinated. Their issue will be undertaken in reliance on the exclusion in clause 19 of schedule 1 of the Financial Markets Conduct Act 2013 and we expect the bonds to be quoted on the NZX Debt Market*.”

“ANZ Bank New Zealand Limited has been appointed as Lead Manager for the bond offer. Deutsche Craigs Limited and Forsyth Barr Limited have been appointed as Co-Managers.”

“With the bond offer expected to open within the next two weeks, we are now seeking preliminary indications of interest. Investors can register their interest in the bonds by contacting their normal financial advisor or the Lead Manager or Co-Managers.”

“Any indication of interest will not give rise to an obligation or commitment of any kind. Auckland Airport is not currently seeking money and no money will be accepted until the offer has opened.”

Contact information for the Lead Manager and Co-Managers are:

ANZ: 0800 269 476
Deutsche Craigs: 0800 226 263
Forsyth Barr: 0800 367 227

* Application has been made to NZX Limited for permission to quote the bonds on the NZX Debt Market and all the requirements of NZX relating to that application that can be complied with on or before the date of this announcement have been duly complied with. However, NZX accepts no responsibility for any statement in this announcement. NZX is a registered exchange, and the NZX Debt Market is a registered market, each regulated under the Securities Markets Act 1988.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news