BAA makes linker return with £130m tap
BAA Funding has brought the second linker sterling bond transaction of the year, tapping its 3.334% 2041 resale price index linked paper for another £130m on Wednesday. The tap, which was priced at 210bp over the 1.124% index linked Gilt, takes the total size of the A-/A- borrower’s deal to £365m.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts