Last checked at 3 Feb 2015 15:28
News Release | Heathrow (SP) Limited |
The Compass Centre, Nelson Road, | |
Hounslow, Middlesex TW6 2GW | |
T: +44 (0)20 8745 7224 | |
E: investors@heathrow.com | |
W: heathrow.com |
Not for release, publication or distribution in whole or in part, directly or indirectly, in or into the United States of America.
3 February 2015
Heathrow places €750 million 15 year Euro-denominated bond
Today, Heathrow has successfully placed a €750 million Euro-denominated Class A bond with a 2030 maturity and a fixed annual coupon of 1.5%. Heathrow expects the proceeds of the bond to be used for general corporate purposes.
Heathrow received significant support for the transaction, with an order book of over €2.5 billion from more than 200 institutions globally.
Andrew Efiong, Heathrow's director of treasury, said: "We are delighted with the level of ongoing global investor interest in Heathrow. This transaction is the longest-dated, public bond we have issued outside the sterling market and reflects the strong support for Heathrow's credit. We will now have five publically traded bonds in the euro market, totalling almost €3.5 billion. These mature between 2016 and 2030 and provide a strong market presence for investors.
Heathrow is the largest wholly-privately financed airport in the world and with our debt financing platform we have a strong global presence with debt issued across five currencies. This provides Heathrow with a strong position for ongoing and future multi-billion pound investment in our world-class airport."
For investor enquiries please contact Anne Hurn, Investor Relations on +44 20 8745 9947
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States or in any jurisdiction in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act") except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act. There will be no public offer of the securities in the United States.