Air New Zealand completes its latest domestic deal

On October 20, Air New Zealand (Baa2) printed NZ$50 million (US$36.1 million) in its latest domestic transaction. Final pricing came in at 180 basis points over mid-swap - the mid-point of indicative pricing of 175-185 basis points over mid-swap. According to a NZX announcement, proceeds from the transaction will be used for general corporate purposes, including partial repayment of Air New Zealand's existing bonds maturing on November 15 this year.