Heathrow Heathrow re-enters GBP Class B market w GBP350m bond (7094R)

TIDM10FX TIDM88BX

RNS Number : 7094R

Heathrow

09 March 2021

Not for release, publication or distribution in whole or in part, directly or indirectly, in or into the United States of America.

9 March 2021

Heathrow re-enters the GBP Class B market with a GBP350 million 7 year bond

Heathrow has successfully placed a GBP350 million Class B bond maturing in 2028 with a fixed coupon of 2.625%. The bond was overwhelmingly supported by a diverse range of investors driving an order book in excess of GBP1.1 billion, more than three times oversubscribed. This highly successful issuance demonstrates investors' confidence in the strength and resilience of the airport and its anticipated recovery from the global COVID-19 pandemic.

Sally Ding, Director of Treasury and Corporate Finance said:

"The overwhelming support received from investors clearly reinforces Heathrow's robustness as a leading hub airport and confidence in its ability to build back better from the COVID-19 pandemic. We are extremely pleased to return to the public Class B market after nearly 10 years and the funds raised further strengthen our liquidity position, providing a solid platform from which we can support the re-opening of international travel from 17(th) May."

For investor enquiries please contact Christelle Lubin on +44 7764 805 761

For media enquiries please contact Weston Macklem on +44 7525 825 516

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States or in any jurisdiction in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act") except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act. There will be no public offer of the securities in the United States.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPUPUWUPGGRB

(END) Dow Jones Newswires

March 09, 2021 13:08 ET (18:08 GMT)

Heathrow Fin 25 (LSE:10FX)
過去株価チャート
から 12 2024 まで 1 2025