BAA has announced the successful placing of its inaugural Swiss franc debt capital markets transaction, a CHF 400 million five-year bond. The bond has a fixed annual coupon of 2.5%. Proceeds from the bond issue will be used to reduce the amount outstanding under BAA London airports’ revolving capital expenditure facility. The bond issue follows a well-received roadshow in Switzerland which provided the basis for strong investor support for the transaction. The bond was placed with both traditional institutional investors and private banks that provide access to Swiss retail investor demand for high quality, well-known international corporate issuers. Following BAA’s

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