BAA explores Canada as new funding market
BAA, the UK airports group, is roadshowing in Canada today and tomorrow, with a view to exploring a possible debut bond issue in Canadian dollars. The company also launched a £180m private placement today.
The sterling issue was a 10 year note, priced at par by BNP Paribas and HSBC with a 1.65% coupon.
Very few foreign companies have issued Maple bonds in recent years, partly because the Canadian market is of limited size, and partly because the swap costs have not been
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.