Auckland Airport bond issue to raise NZ$125m

Auckland International Airport plans to offer up to NZ$125 million ($92 million) in bonds to the public.

The bonds will have a maturity of five years, and a fixed interest rate will be announced prior to the offer's opening, says Auckland Airport.

The funds raised will be used to refinance NZ$125 million that is maturing in March 2010. The offer will open in late October, and close in late November.

Source: Air Transport Intelligence news