tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, March 28th, 10:13PM

Investments

rss
Latest Headlines

AIA bonds offer 7.25%

Auckland International Airport has opened a retail bond looking to raise $50 million. The interest rate initially being offered for the full term of the bonds is 7.25%.

Tuesday, January 13th 2009, 7:12AM

The interest rate offered may change prior to allotment but will not change in respect of a bond that has been allotted.

The bonds will have a maturity date of 28 February 2014.

Auckland Airport is issuing bonds to meet some of the excess market demand from the successful bond issue that closed in November 2008. 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.

The bonds are direct, unsecured, unsubordinated debt obligations . The minimum holding in respect of bonds is $10,000 and in multiples of $1,000 thereafter.

The bonds will be listed on the NZDX and Standard & Poor's have assigned them a rating of 'A'.

« Who has got a guarantee?NZ credit rating outlook lowered by S&P »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Today's Best Bank Rates
Rabobank 5.25  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com