Wellington Airport raises NZ$100 mln from bond issue

Wellington Airport said it had raised NZ$100 million from an issue of unsecured, unsubordinated bonds maturing on November 13, 2013, including NZ$50 million of oversubscriptions. Meanwhile, the Auckland City Council said it planned a retail bond offer to raise up to NZ$150 million. The bonds would be secured fixed rate bonds and the offer would be lead managed by BNZ Capital and Westpac Institutional Bank. * This article was first published on Friday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.