11 Oct 2013

Wellington International Airport announces bond sale

7:55 am on 11 October 2013

Wellington International Airport says it plans to sell up to $75 million of eight-year bonds to the public.

Wellington International Airport.

Wellington International Airport. Photo: WIAL

The bonds will pay 6.25% a year and the minimum application is for $10,000 with the offer opening on 24 October and closing on 11 November.

The airport's chief financial officer, Martin Harrington, says the bonds, which have an investment grade BBB credit rating, will partly refinance maturing bonds.