Auckland Airport’s capital raise weighs on sharemarket - Market …

Auckland Airport and Air New The S&P/NZX 50 Index fell 128.16 points or 1% to 12,704.39. At 4.45pm, there were 62 gainers and 79 decliners over the whole market on volumes of 28.8 million share ...

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Auckland Airport’s Capital Raise Weighs On Sharemarket - Market …

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Auckland Airport and Air New The S&P/NZX 50 Index fell 128.16 points or 1% to 12,704.39. At 4.45pm, there were 62 gainers and 79 decliners over the whole market on volumes of 28.8 million share ...

nzherald.co.nz

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NZX, New Zealand's Exchange - Announcement Overview

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Sep 16, 2024 · The equity raise comprises an underwritten placement of $1.2 billion (“Placement”) and a non-underwritten retail offer to raise up to $200 million (“Retail Offer”) (1). As announced …

nzx.com

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NZ Sharemarket Falls As Investors Look For Cash For Airport Capital …

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Graham Skellern. Mon, 16 Sep 2024. Investors scrambled to raise money and participate in Auckland International Airport’s massive $1.4 billion capital raise which weighed on the New …

businessdesk.co.nz

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Auckland Airport’s $1.4bn Equity Raise Takes Off With Boost From ...

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19 Sep 2024. Russell McVeagh has advised Auckland Airport on a massive $1.4bn equity raise that is intended to support the airport’s capital investment programme. “As the primary border …

thelawyermag.com

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AIA’s Capital Raise Weighs On Market - PressReader

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2024-09-17 - Graham Skellern. Investors scrambled to raise money and participate in Auckland International Airport’s massive $1.4 billion capital raise which weighed on the New Zealand …

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Auckland Airport To Raise Up To NZ$1.4 Billion, Signs Terminal …

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Sep 15, 2024 · Auckland Airport said the raising will comprise an underwritten placement of new shares to raise up to NZ$1.2 billion and a non-underwritten retail offer to raise up to NZ$200 …

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Auckland Airport Raising $1.4b To Upgrade Domestic Terminal

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Auckland International Airport has launched a $1.4 billion equity raise to help pay for its $6.6b multi-year development plan, including a $2.2b upgrade of its domestic terminal. The capital ...

nzherald.co.nz

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Auckland Airport Shares Target Raised By RBC Capital On Equity Raise

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The revision follows Auckland Airport's announcement of a NZ$1.4 billion equity raise aimed at funding its NZ$6.6 billion capital expenditure program for airport development stages known …

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BusinessDesk | NZ Breaking News And Commentary On Business, …

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businessdesk.co.nz

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Auckland Airport To Raise Up To $860 Million, Signs Terminal …

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Sep 15, 2024 · Photo: Brendon O’Hagan/Bloomberg News. SYDNEY— Auckland International Airport AIA 0.41% said it would seek to raise up to 1.4 billion New Zealand dollars (US$860 …

wsj.com

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Auckland Airport Oversubscribes $200m Offer To Retail …

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9:54 am on 10 October 2024. Share this. Photo: RNZ / Samuel Rillstone. Auckland Airport's $200 million offer to retail shareholders has been oversubscribed by more than 10 percent. The offer …

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Auckland Airport Launches $1.4b Equity Raise - PressReader

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2024-09-17 - Madison Reidy. Auckland International Airport has launched a $1.4 billion equity raise to help pay for its $6.6b multi-year development plan, including a $2.2b upgrade of its …

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How Much Bankers Made From Auckland Airport’s Whopper $1.4b …

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The juice on Auckland Airport’s $1.4b equity raise. Auckland Airport has pushed back on claims the fees of about $20 million for its $1.4 billion equity raise was “money for jam ...

nzherald.co.nz

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Auckland Airport In Trading Halt For $1.4b Capital Raise

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Staff reporters. Mon, 16 Sep 2024. Auckland International Airport shares are in a trading halt this morning ahead of a $1.4 billion capital raising, $1.2b of which will be by institutional placement …

businessdesk.co.nz

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Auckland Airport In Hefty $1.2 Bln Capital Raising | Interest.co.nz

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About a week and a half after suspending $2 billion worth of new projects including a second runway, Auckland Airport is going to the market with a whopping $1.2 billion capital raising.. In …

interest.co.nz

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Auckland International Airport's Capital Program Is Underpinned …

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Sep 16, 2024 · Our discounted cash flow valuation assumes a 7.5% cost of equity, and a 6.5% cost of debt, leading to a weighted average cost of capital of 7.0%. We forecast average …

morningstar.com

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Auckland Council Confirms Sale Of Auckland International Airport …

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Sep 1, 2023 · Auckland Council was advised by Flagstaff Partners, UBS and Simpson Grierson. Successful completion of the sale process achieving a weighted average sale price of $8.11, …

aucklandcouncil.govt.nz

FAQs about Auckland Airport’s capital raise weighs on sharemarket - Market … Coupon?

Why did Auckland Airport raise $1.2B in 2022?

It is the country’s largest corporate equity raising outside of an initial public offering when a company is listed on the sharemarket. Auckland airport and Air NZ had earlier raised $1.2b each in April and May 2022 to strengthen their balance sheets following the covid pandemic. The S&P/NZX 50 Index fell 128.16 points or 1% to 12,704.39. ...

Why did Auckland Airport raise $1.4 billion?

The offer of shares at $6.95 a piece was part of Auckland Airport's $1.4 billion equity raising announced on 16 September. The capital raising was the largest ever in the country's markets and earmarked for Auckland's long awaited new domestic jet terminal building, to be joined to the existing international airport. ...

Why is Auckland Airport launching an equity raise?

Auckland Airport is now launching this equity raise to enable its planned capital investment programme to be fully funded whilst maintaining its A- S&P credit rating and dividend policy. ...

How much will Auckland Airport raise under the retail offer?

Auckland Airport is seeking to raise up to $200 million under the Retail Offer. The price of shares in the Retail Offer will be the lower of the placement price and a 2.5% discount to the five-day VWAP of Auckland Airport shares traded on the NZX during the last five trading days of the Retail Offer period. ...

How much does a new Auckland Airport share price cost?

About 172.7 million new shares will be issued under the placement – roughly 11.7% of current issued capital. The issue price comes in at $6.95 per share. Meanwhile, qualified current shareholders in Auckland Airport with a registered address in New Zealand and Australia can partake in the retail offer. ...

Why did Auckland International Airport go into a trading halt?

Auckland International Airport went into a trading halt after announcing it was making an underwritten equity raising of $1.2b at $6.95 a share. The company last traded at $7.54, and is also raising a further $200m through a retail offer to shareholders at a slightly more discounted price. ...