Auckland Airport issues NZD150 million of bonds
SYDNEY (Centre for Asia Pacific Aviation) - Auckland International Airport Limited (AIAL) announced plans to issue NZD150 million of seven and ten year fixed rate bonds to the public.
Proceeds of the bonds will be used to refinance a portion of the bridge facility arranged to fund the recent special distribution to shareholders. AIAL has applied to Standard & Poor’s (S&P) to have the bonds rated. S&P currently rated AIAL with ‘A’ credit rating and a ‘stable’ outlook. The prospectus will be registered on 26-Oct-05 and the intended issue date is 07-Nov-05.
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