Heathrow and AdR price SLBs

Heathrow Airport has priced its first sustainability–linked bond (SLB). Rated BBB+/A-, the €650 million 10-year bond priced at 148bp giving a coupon of 4.5%, well inside initial price guidance which was set at 165-170bp. Barclays, BNP Paribas, Lloyds, NatWest Markets and RBC Capital...