Heathrow 15 year suffers bumpy take-off
On Wednesday, Heathrow returned to the euro bond market for the first time in over two years, with rates volatility providing a turbulent backdrop for the deal.
The UK airport company printed the third long-dated tranche of the week, a €500m 15 year deal.Lead managers Deutsche Bank, Morgan Stanley, National Australia Bank and Santander set initial price thoughts at 80bp over mid-swaps. Heathrow’s last euro deal was a €750m 15 year issued in February ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org