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Auckland bonds fully subscribed

written by australianaviation.com.au | November 30, 2009

Auckland International Airport Limited announced on November 30 that its NZ$125m bond issue closed fully subscribed.

“Auckland Airport is extremely pleased with the success of this issue,” said chief financial officer Simon Robertson. “It allows us to extend our maturity profile and demonstrates again that there is strong appetite from New Zealand investors for bonds issued by Auckland Airport”.

The direct, unsecured and unsubordinated bonds have been given an A-rating by Standard and Poor’s. Interest is paid semi-annually and with the first interest payment due to occur on May 27 2010.

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