Auckland International Airport launches retail bond offer

24/09/2018 09:35:00

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Auckland International Airport (ASX:AIA) has announced it is offering up to NZ$125 million of six year fixed rate bonds.

The offer opens today with an indicative margin range of 0.95 to 1.05 per cent per annum, and the bonds will mature on the 10th of October 2024.

The bonds are expected to be assigned a long term credit rating of A- by ratings agency, Standard and Poor's.

The offer will close on the 26th of September following completion of the bookbuild process.

Shares in Auckland International Airport (ASX:AIA)  closed 1.97 per cent higher to $6.73 on Friday.