Auckland airport has announced a NZ$50 million bond issue at 7.25% maturing February 28, 2014. This follows a previous bond issue in November, with which the airport raised NZ$130 million. First NZ Capital Securities Limited has been appointed as Arranger, Organising Participant and Joint Lead Manager for this bond issue, and ASB Bank Limited and Goldman Sachs JBWere (NZ) Limited have been appointed as Joint Lead Managers, Auckland Airport Senior communications manager Richard Llewellyn said. Standard and Poor's gave the bonds an 'A' rating. The offer will remain open no later than 31 March, 2009. The interest rate of 7.25% that is currently being offered may change prior to when bonds are allotted, Llewellyn said. The minimum holding in respect of the bonds is $10,000 and in multiples of $1,000 thereafter.
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