| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Heathrow Finance plc > News item |
Heathrow launches upsized £275 million 10-year notes to yield 3 7/8%; pricing Wednesday
By Paul A. Harris
Portland, Ore., May 24 – Heathrow Finance plc launched an upsized £275 million offering of 10-year senior secured notes (Ba3//BB+) at 3 7/8%, according to a market source.
The deal is set to price later Wednesday.
The amount of the offering was increased from £250 million.
The offering was launched at the tight end of price talk in the 4% area and is playing to around £1.6 billion of orders, the source said.
Barclays, ING and JPMorgan are joint global coordinators and joint bookrunners. BofA Merrill Lynch, Credit Suisse, ICBC and RBC Capital Markets are also joint bookrunners.
The London-based international airport plans to use the proceeds to refinance debt.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.