Investor interest is expected to be strong in APN News and Media's bond issue of up to $200 million.
The company, which publishes the New Zealand Herald and owns the radio network Newstalk ZB, wants to raise $150 million though a five-year bond issue, with the ability to accept up to another $50 million.
The interest rate has yet to be decided, but the range is expected to be around 7.5%.
APN chief executive Brendan Hopkins says trading has improved further in Australian markets since June, while in New Zealand the recovery has extended to radio and billboard markets after a flat first half of the year.
Some brokers say that the market is crying out for good issues and that APN's prospects are solid: at three times operating earnings its $A700 million net debt is considered reasonable.
