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BFR Bbva Banco Frances S.A.

11.06
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bbva Banco Frances S.A. NYSE:BFR NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 11.06 0.00 01:00:00

BAA Funding Prices GBP400 Million 6% 2020 Bond At 99.323

13/03/2012 4:02pm

Dow Jones News


Bbva Banco Frances (NYSE:BFR)
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BAA Funding Ltd., a holding company for U.K. airport operator BAA, which is owned by Grupo Ferrovial SA (FER.MC) has priced its GBP400 million, 8-year bond at 425 basis points over the corresponding government gilt, one of the banks running the deal said Tuesday.

Bank of America Merrill Lynch, Lloyds Banking Group PLC, Morgan Stanley, Santander GBM, Bankia S.A. and BBVA were the banks managing the deal.

The terms of the transaction are as follows:

 
Amount:           GBP400 million 
Maturity:         March 20, 2020 
Coupon:           6% 
Reoffer Price:    99.323 
Payment Date:     March 20, 2012 
Spread:           425 basis points over the corresponding government gilt 
Debt Ratings:     BBB (Standard & Poor's) 
                  BBB (Fitch) 
Denominations:    GBP100,000 
Listing:          London 
Interest:         Annual 

-By Sarka Halas, Dow Jones Newswires; +44 (0) 207 842 9236; Sarka.Halasova@dowjones.com

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