Wellington International Airport has set the initial interest rate for its $100 million bond offer opening today at 7.5 percent per annum.
The offer is for $50m in unsecured, unsubordinated, fixed-rate bonds maturing in November 2013, and $50m in oversubscriptions, with applications accepted from Thursday.
Bonds not taken up under allocations to NZX firms, institutions and other approved intermediaries will be available through a public pool.
The minimum purchase is $10,000, and then multiples of $1000.
The offer would remain open until April 1, 2009, unless the airport company closed it earlier.
Joint lead managers of the bond offer are First NZ Capital Securities and ANZ National Bank.
