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

 


Fixed rate public bond issue

Market Release l 23 May 2014

Fixed rate public bond issue

Auckland International Airport Limited (“Auckland Airport”) has raised NZ$150 million from a public bond issue.

Simon Robertson, Auckland Airport’s chief financial offer, says, “The strong investor demand for the bonds confirms the public’s long-term confidence in the future of the Company.”

“The fixed rate bonds have a term of seven years and the annual interest rate has been set at 5.52%. This reflects a margin of 0.90% per annum over the seven year swap rate.”

“The bonds will be issued on 28 May 2014 with a maturity date of 28 May 2021. They have been assigned a long-term credit rating of A- by Standard & Poor’s,” says Mr Robertson.

There was no public pool for the bond offer, with 100% of the bonds reserved for clients of the Lead Manager and Co-Managers, institutional investors and other market participants.

The final terms sheet for the issue is now available and attached.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Auckland Port Study: Port To Ship Out – No Departure Date

Interest groups in Auckland and its waterfront chose a group of representatives to determine the future of the port. Their consensus is that the Port is going to have to move but not before a credible location is confirmed... More>>

ALSO:

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Other Centres' Convention Centres:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news