News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

BAA capitalises on demand for sterling bonds

BAA, the UK airports operator, has taken advantage of huge demand for long-dated sterling Eurobonds by launching a £700m (€1.1bn) issue.

BAA sold bonds on Thursday that have a 5.75% coupon and a 30-year maturity. The securities were priced at a spread, or yield premium, of 160 basis points (bps) more than the 30-year UK government bond.

WSJ Logo