Wellington Airport Bond Issue Fully Subscribed
Wellington International Airport Limited ("WIAL") announced today that its offer of $50 million, with oversubscriptions of a further $50 million, of Bonds has been fully subscribed.
Chief Financial Officer for Wellington Airport, Martin Harrington, said “WIAL is extremely pleased at the success of WIAL’s first investment opportunity for the public. WIAL is a sound investment opportunity during these challenging economic times.”
The proceeds from the Bonds will be used to retire some existing debt and for financing the Airport’s capital development projects.
The bonds are unsecured unsubordinated fixed rate debt obligations of WIAL with a maturity date of 15 November 2013.
ENDS
Issued by: Wellington International Airport Limited
Date: 13 February 2009
