Report from BusinessDesk
Auckland International Airport, the country’s major gateway, plans to launch a $100 million bond offer and has asked for early expressions of interest.
The unsecured, unsubordinated fixed rate bonds are expected to be seven-year notes, the airport said in a statement. Full details will be published next week. The offer comes after a tranche of the airport’s listed bonds matured on Nov. 7.
Australia & New Zealand Banking Group is lead manager, with Forsyth Barr as co-manager.
This month, Auckland Airport new chief executive Adrian Littlewood took over after predecessor Simon Moutter left to head up Telecom.
The shares fell 1.1 percent to $2.635 in trading yesterday, and have gained 5.8 percent this year.