By Craig Simpson
Hot on the heels of this morning's announcement that Christchurch International Airport is seeking to raise up to $75 mln via a retail bond offer, Auckland International Airport has announced they are seeking expressions of interest for up to $100 mln.
Auckland International Airport had a $50 mln issue mature earlier this month (7 November) and it is believed this new offering will replace that.
In their announcement to the NZX, Auckland International Airport indicated the bonds would be unsecured unsubordinated fixed rate bonds with an expected maturity of 2019 (7-year tenor).
The only other details we know at this time are the lead manager is ANZ and the co-manager is Forsyth Barr.
It is expected full details of the bond issue will be released within the next week.
No money is currently being sought and no applications for Bonds will be accepted or money received unless the subscriber has received an Investment Statement. Indications of interest will not involve an obligation or commitment of any kind.
We will update readers when more information comes to hand.
1 Comments
Its relative, you know. I just love the compitiion, Its AKL or AKL. The new food franchises are great, you get McDonalds or KFC then after customs its Burger King. The guys a genius. His salary comes to 1.7 mil.
>>>
He joined the airport in 2009, and has grown the company's non-flight annual revenue to some $166 million, or 40 per cent of total sales.
The new chief executive will be paid a base salary of $725,000 with annual reviews, a short-term incentive of up to $435,000 per annum, and an annual long-term incentive grant of 50 per cent of salary if he meets certain targets.
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=108…
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.