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Wellington International Airport says its initial offer of up to $50 million of five-year, fixed-rate bonds has been fully subscribed.
The company said it would accept oversubscriptions for up to a further $50 million of bonds, with applications continuing to be available to the public on a first come, first served basis.
The programme for the unsecured unsubordinated bonds with an initial interest rate of 7.5 per cent a year opened on December 2.