New Zealand's Auckland
International Airport Ltd has launched a NZ$50 million
($30 million) five-year bond issue for retail investors, it said
on Monday.
The offer will pay an interest rate of 7.25 percent and will
close on March 21.
ASB Bank, First NZ Capital Securities and Goldman Sachs
JBWere are jointly managing the issue with proceeds to be used to
pay down debt.
The bonds are rated A by Standard & Poor's and will mature on
Feb. 28, 2014.
($1=1.690 New Zealand Dollar
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