Port of Tauranga, established in 1873 and located in New Zealand's Bay of Plenty region, serves as a vital maritime hub for international trade and shipping. The company primarily provides a range of services including cargo handling, shipping logistics, and port facilities, playing a crucial role in the regional and national economy through efficient management of container and bulk cargo operations.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| POTNZ 1.02% 2025-09-29 NZDPort of Tauranga | New Zealand | 2025-09-29 | 1.020 | 3.19 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Port of Tauranga began issuing bonds in 2003 to finance capital projects and enhance its infrastructure. Notably, it made a significant issuance in 2020 to facilitate the expansion of its container terminal capacity, reflecting its commitment to growth amid increasing trade volumes. As of recent reports, the port's bonds are yielding about 1.75%, competitive compared to industry peers, and feature attractive characteristics such as callable options which provide flexibility for the issuer. The port continues to maintain a robust financial position, bolstered by consistent traffic growth and strategic initiatives.