Birmingham Airport lands long money in US PP market

Plane 230x150
By Silas Brown
10 Oct 2019

Birmingham Airport has sold 30 and 31 year US private placements, as airports and port operators in Australia and Europe carve out a healthy chunk of market volume.

NatWest Markets arranged the transaction for the airport, closing the deal with a final size of £130m ($161m), according to market sources. This is not the first time the borrower has entered the market. Birmingham sold £75m across 10 and 15 years through NatWest Markets, in October 2013.

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