Yesterday Auckland Airport completed an issue of $150 million of floating rate notes ("FRN"), which will be used to refinance the maturing $100 million FRN on 11 October 2022 and provide additional liquidity. The floating rate notes have a term of three years and a margin of 70 basis points over BKBM. The offer was made to New Zealand and offshore institutional investors with CBA and Westpac acting as joint lead managers on the issue.
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- Yesterday Auckland Airport Completes an Issue of $150 Million of Floating Rate Notes