Heathrow makes big saving via StormHarbour linker PP

By Jon Hay
31 Jan 2014

Heathrow Airport raised £200m of inflation-linked debt in December through a private placement arranged by StormHarbour, it was announced this week.

The 18, 25 and 35 year bonds were placed with a single investor, a European insurance company that has inflation-linked liabilities in sterling.

Many UK utilities and infrastructure companies have an appetite for issuing inflation-linked bonds, because their regulated revenues are often linked to the retail price index. ...

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