Heathrow Funding Ltd (HTHROW)

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Heathrow Funding Ltd (HTHROW)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	INDS	PRCD	HTHROW	Heathrow Funding Ltd	£350		1	EMEA	Mar 9, 2021

Tranche #1Heathrow Funding Ltd

currency

GBP

size (m)

350.000

maturity

Mar 16, 2028

type

Fixed

tenor

7.000

call

registration

benchmark

ranking

Sr. Secured

moody's

s&p

BBB-

fitch

BBB

size description

re-open/tap

ipt

G+245 a

ipt-pxd

guidance

G+225 a

spread

215

coupon

2.625%

spread set

price

99.50800

yield

2.685%

book size (m)

1,100

peak book (m)

x-covered

3.14

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.14

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

7 yr: Book size: 1100; Comments: GBP350m 7yr snr sec Class B. NR/BBB-/BBB. Actives Barc/HSBC(B&D)/Santan, passives ICBC/NAB/SG. IPTs G+245 area vs 0.125% 1/28, guidance G+225 area, launch 350m @ G+215, bk >1.1bn (peak >1.25bn). MWC, 3mPC. Gilt ref Mid px; 97.231, Bid: 97.22. FTT 4pm. LEI: 7TI96JO3DYEIQWZ7Z726;

Guarantor(s)

Obligors: Heathrow Airport Ltd, Heathrow (AH) Ltd, Heathrow (SP) Ltd, Heathrow Express Operating Company Ltd

Use of Proceeds

General corporate purposes

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