12 May 2014

Bonds being sold by Auckland Airport

12:20 pm on 12 May 2014

Auckland International Airport Ltd is considering selling up to $150 million of fixed-rate bonds.

Auckland international airport.

Auckland international airport. Photo: PHOTO NZ (file)

Chief financial officer Simon Robertson said the proceeds would be used to partially refinance its 454 capital return as well as other general corporate purposes.

It would follow last month's $150 million floating rate bond sale to institutional investors.

Mr Robertson said full details will be released about 19 May, but the company expects the bonds to have a seven-year maturity and they will be both unsecured and unsubordinated - meaning no other debt will rank above the bonds.