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Wellington Airport Bond Issue Fully Subscribed
13 Feb 2009
Wellington International Airport Limited ("WIAL") announced today that it’s 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 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.