Heathrow and AdR price SLBs

In:

Transport

Region:

Europe

By Sean Keating

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...

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