Bookrunners: Citi, Royal Bank of Scotland
The £13.3 billion refinancing of BAA's seven UK airports, jointly arranged by Citi and RBS, was the largest financing of its type ever successfully completed, and the largest secured structured financing for a UK regulated sector.
The deal, completed in August, established the structure envisaged at the time of the Ferrovial takeover of BAA in June 2006. It comprised £7.6 billion of new debt from the loan markets and the European Investment Bank, and Europ
The week on Risk.net, December 9–15 2017Receive this by email