Wellington Airport launches resetting 11-year deal

On 18 March, Wellington International Airport (Wellington Airport) (BBB+ by S&P) launched a NZ$75-100 million (US$51.3-68.4 million) resetting 11-year senior-unsecured domestic deal. The forthcoming transaction has an indicative margin of 195-205 basis points over mid swap, with the final margin and interest rate to be set following a bookbuild, expected 22 March. ANZ, Deutsche Craigs and Forsyth Barr are joint lead managers.