Heathrow Issue of Debt (9504R)

TIDM88BX TIDM10FX

RNS Number : 9504R

Heathrow

06 March 2019

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

6 March 2019

Heathrow re-enters the Euro market with a EUR650 million 15-year bond

Heathrow has successfully placed a EUR650 million Class A bond maturing in 2034 with a fixed coupon of 1.875%. The bond was overwhelmingly supported by a diverse range of current and new investors driving an order book in excess of EUR2.8 billion, more than four times oversubscribed. This highly successful long dated issuance demonstrates high investor confidence in both Heathrow's plans for expansion and Heathrow's resilience in the face of Brexit uncertainties

The transaction marks Heathrow's 10(th) issuance in the Euro market. Repeat issuance in the Euro market forms part of Heathrow's ongoing strategy to build strong positions in core markets and extend the duration of our debt portfolio ahead of expansion. The funds will be used for general corporate purposes.

Sally Ding, Director of Treasury and Corporate Finance said:

"The overwhelming support received from investors 23 days before the Brexit deadline clearly signals Heathrow's robustness and strong global investor support as we gear up for growth.

We are extremely pleased to re-access the long-dated Euro market two years after our last issuance. The transaction delivers on our strategy of further diversification, longer duration and stronger liquidity. It also delivers on our commitment to repeat issuance in each active market and the ongoing support by global bond markets for Heathrow".

For investor enquiries please contact James Hoskins on [phone]

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.

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March 06, 2019 02:01 ET (07:01 GMT)