Investors pull out of Heathrow PP amid pricing volatility

Adobe_airplane_230x150_12Feb2020
By Silas Brown
17 Mar 2020

Three institutional investors pulled out of a private placement for London's Heathrow airport according to market sources, amid pricing volatility due to Covid-19 and as airports take stock of how much the virus will impact their businesses.

Heathrow regularly funds through the US PP market, so much so that it often arranges its own transactions. According to market sources, the UK airport was soft-sounding a potential transaction with the Commonwealth Bank of Australia.

But the deal was complicated by underlying yields being wildly disrupted due to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.