30 Sep 2011

Auckland International Airport considers public bond offer

8:40 am on 30 September 2011

Auckland International Airport is considering raising up to $100 million through a public bond offer.

The listed airport, which handles about three quarters of all international travellers to New Zealand, says the proposed unsecured bonds would be for six years with a fixed interest rate yet to be announced.

It plans to open the offer next month, with the Bank of New Zealand as the lead manager and Craigs Investment Partners as co-manager.

The bond issue follows two successful retail bond issues from Z Energy and Air New Zealand.