NZ's Auckland Airport to meet Australian investors

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SYDNEY, Sept 7 (Reuters) - New Zealand's biggest airport,
Auckland International Airport Ltd. AIA.NZ, will meet with
Australian bond and equity investors to update them on the
firm's annual results, it said on Tuesday.

Presentations, arranged by First New Zealand Capital, kick
off later on Tuesday.

Auckland Airport, rated A-minus by S&P and A2 by Moody's,
is already looking at refinancing a NZ$125 million ($91
million) syndicated loan maturing in less than a year, it said
in a statement.

Additional debt maturing in the next two years include a
NZ$275 million bilateral loan with Commomwealth Bank of
Australia (CBA.AX) and a NZ$75 million bond issue.

The borrower's average debt maturity profile is just a
little over three years.

Shares in the top-10 company, 23 percent owned by two local
councils, last traded up one cent at NZ$2.05. So far this year
it has gained 1.8 percent compared with a 2.4 percent fall for
the benchmark index .NZ50.

Last month the airport reported a flat profit with
expectations of a lift as demand for global air travel
improves.
($1=1.38 New Zealand Dollar)
(Reporting by Cecile Lefort)