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A £250 million bond has been raised by Heathrow, the airport owner announced this morning.
The company plans to use the proceeds of the bond to repay an £85 million loan and for unspecified “general corporate” purposes.
Heathrow’s treasury director, Andrew Efiong, said: “We are very pleased with the continued support for Heathrow in the debt capital markets.
‘This transaction successfully extends our maturity profile at this level of the capital structure and the mix of investors reflects continued market confidence in the Heathrow credit.”
He added: “This means that Heathrow has raised well over £1.5 billion of external capital in 2014 alone.
“Consistent access to finance on this scale is enabled by Heathrow’s multi-billion global debt financing platform, which has been critical to funding Heathrow’s transformation over the last decade.
“And this platform will continue to be crucial in financing significant further investment at Heathrow in the years ahead, supported by the credibility of being by far the largest wholly privately financed airport globally.”