Photo: RNZ / Samuel Rillstone
Auckland Airport's $200 million offer to retail shareholders has been oversubscribed by more than 10 percent.
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.
The airport company said the money should be enough to complete all its development projects, while maintaining its credit rating and dividend policy.
The institutional offer of $1.2b of new shares was fully underwritten, with $223m worth of applications for the retail portion of the capital raising.
Eligible retail shareholders were allocated at least their pro rata proportion of the total offer, with a maximum of an additional $150,000 of shares.