Gatwick lands bumper demand in senior outing

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By Mike Turner
08 Apr 2021

Gatwick Airport got a bulging order book for its return to the senior funding market, weeks after the UK airport got chunky demand for its debut subordinated transaction.

The borrower, printing Class 'A' debt through Gatwick Funding rated at Baa2/BBB/BBB+, opened books on a sterling benchmark April 2032 trade at 210bp over Gilts.

Gatwick had the market to itself, and investors piled into the deal, pushing the order book to £2.5bn by the time guidance for a ...

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