Brussels Airport has €500m debut as market stabilises

By Jon Hay
28 Jun 2013

Brussels Airport took advantage of a more stable day in European credit markets on Tuesday to launch its debut bond. Although the deal probably cost it more than it would have before the latest bout of volatility, the bond was well placed.

The company announced its plans to issue on June 13 — the same day as Moody’s and Fitch assigned first-time ratings to its planned €500m bond and €1.15bn of loan facilities. All the debt tranches are senior secured, and rated Baa1/BBB.

The airport, the only major one in ...

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