Auckland Airport launches retail-format domestic deal

On 9 October, Auckland International Airport (A-/S&P) launched a NZ$75-125 million (US$53.0-70.6 million), April 2023-maturity retail domestic deal under same-class exemption rules. According to joint lead managers Commonwealth Bank of Australia and Westpac Institutional Bank, the offer has an indicative margin range of 82 to 87 basis points over mid-swap, with the final margin and interest rate to be announced following a bookbuild on 11 October.