Ferrovial finally set for BAA refinancing
After lengthy negotiations, Spain’s Grupo Ferrovial, which owns British airport operator BAA, is set to return to market with a £7.65bn refinancing. Nine banks have been picked to arrange the deal, with Royal Bank of Scotland taking the lead in the co-ordination of the facility, and the loan is understood to have a maturity of between six or seven years. Reads EuroWeek online for more details on what is set to be one of the most-watched transactions in Europe this year.
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