23-Nov-2010 2:48 PM
Auckland Airport raises USD150m; Aeroporto di Firenze shares drop 4.4%
Analysis
New Zealand's Auckland International Airport (+0.5%) raised USD150 million in long-term bonds paying spreads of 150 to 175 basis points (bps) to refinance bank debt. The offer, to be funded in Feb-2011 and Jul-2011, consisted of three tranches of USD50 million each. Commonwealth Bank of Australia arranged the offer.
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