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News on New Investment

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Christchurch International Airport has announced it intends to offer up to $75m unsecured unsubordinated 8 year fixed rate bonds.

Christchurch International Airport holds a BBB+ Standard and Poors credit rating and is 75% owned by the Christchurch City Council and 25% by the New Zealand government.

The interest rate on these bonds is yet to be set but will be at a margin to the corresponding swap rate plus the issue margin.

The offer opens on the 23rd of September 2013.