BAA follows sterling deal with linker

December 02, 2009 12:00 am

UK airport operator BAA’s £325m 30 year inflation-linked issue on Tuesday topped off its return to the sterling bond market last week in its first venture since its 2008 debt restructuring. The deal got a good reception in a quiet week for the high grade corporate bond market dotted by the odd high yield trade, such as a Eu150m seven year bond for Italian motorcycle manufacturer Piaggio. Read EuroWeek on Friday for more analysis on these transactions.

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