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Current as of 03/05/16 07:39PM NZST

Auckland Airport flags $100m bond offer

Auckland International Airport plans to launch a $100 million bond offer. Photo / File
Auckland International Airport plans to launch a $100 million bond offer. Photo / File

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 per cent to $2.635 in trading yesterday, and have gained 5.8 per cent this year.

- BusinessDesk

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