Wellington Airport falls short of target
Wellington International Airport, the Infratil-controlled capital city gateway, raised $70 million through a bond offer, falling short of its target and with the bulk winding up with one investor. The airport operator sought $75 million from the bond issue with the capacity to accept oversubscriptions of up to $25 million for the notes which mature on June 16, 2025, paying annual interest of 5 percent.
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