AUS
NZ
UK
CA
USA
IND
On 26 September 2018, Auckland International Airport Limited (ASX:AIA) trimmed the indicative margin range of its new six year fixed rate bonds to 0.95% - 1% which was 0.95% to 1.05% in the initial announcement of 24 September 2018. Following this the Auckland Airportâs share price slips down by 1.022% as on 26 September 2018. Auckland Airport also informed that the offer had closed and NZ$150 has been allocated to the participants in the bookbuild process.
On 24 September 2018, the Auckland Airport offered these fixed rate bonds with issued amount of NZ$125 million and also with the ability to accept oversubscription up to NZ$50 million. The maturity date of the bond is 10 October 2024. As per the recent announcement the issue amount is NZ$150 million and the interest rate for the bonds will be 3.51 cents per annum which reflects the margin of 0.95% over the underlying swap rate. The interest will be paid on 10 April and 10 August in each year until and including the maturity dates.
 In financial year 2018 due to the reduction in the international and aeronautical prices, the total revenue of Auckland International Airport saw a little increase with $122.1 million in FY 2018 as compared to $119.6 million in FY 2017. The expenses of the company also increased from $156.2 in FY 2017 million to $177.5 million in FY 2018. The reported net profit after tax has increased to $650.1 million in FY2018 from $332.9 million in FY 2017. The capital expenditure of the Airport increased by 8.1% to $405.2 million. Auckland Airport is expecting Capital expenditure to be in between $450 million and $550 million for next year. In the past three years, Auckland Airport has released 12 new airlines and 21 new routes and increased the capacity by 29% by connecting Auckland with new cities of 140 million. [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
Auckland International Airportâs total passenger growth for the month of August 2018 has been of the order of 6.3 per cent while international passengersâ number rose up by 7.4 per cent. There was a 6.6 per cent rise in domestic passengers. The above percentages were noted against prior year corresponding period. Additional capacity through Asia and Pacific Island routes boosted the growth. The group also reported for a 5.9 per cent growth in Australian visitor arrivals on August 2017 figure while there was a decline in Tasman capacity.
AIAâs share traded at $6.80 with a market capitalization of $8.24 billion as on 26 September 2018 (AEST 4:00 PM).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
