Auckland International Airport says 99% of its institutional investors have taken up its share offer, raising $69.4 million.
The airport is seeking to raise $127 million through a full underwritten equity raising, to repay some of the debt it took on to buy a 25% stake in North Queensland Airports.
Institutional shareholders had just two days to decide whether they would participate, while retail investors have until later next month.
Eligible shareholders can buy one new share at a discount of $1.65 each for every 16 currently held. The company is in a trading halt until Tuesday.