BAA last week placed a £235 million ($391 million) Sterling index-linked bond with a 2039 maturity and a fixed real annual interest coupon of 3.334%. The issue follows placement in late November of a £700 million, 17-year bond issue undertaken by the company. Proceeds from the bond issues will be used to refinance existing debt and will lengthen the airport operator's debt maturity profile.
BAA last week placed a £235 million ($391 million) Sterling index-linked bond with a 2039 maturity and a fixed real annual interest coupon of 3.334%. The issue follows placement in late November of a £700 million, 17-year bond issue undertaken by the company. Proceeds from the bond issues will be used to refinance existing debt and will lengthen the airport operator's debt maturity profile. Also in November, BAA said it would inject £500 million of equity into its London airports group to ...
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