Thursday 10th October 2013 |
Text too small? |
Wellington International Airport is to reduce its bond holdings, seeking to refinance up to $75 million of retail bonds at 6.25 percent to replace $100 million of 7.25 percent bonds maturing next month.
Infratil-controlled WIAL, which is also 33 percent owned by the Wellington City Council, is seeking $50 million, but says it will take oversubscriptions up to $75 million for the "direct, unsecured, unsubordinated, fixed rate debt obligations of WIAL."
The company has another $150 million of bonds on its books, maturing in August 2017 and reflecting historic low interest rates, being serviced at 2.89 percent interest with a recalculation clause applying from last year's anniversary.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes