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BAA redeems £605,000 of 7 1/8%, 5 3/8% Heathrow Finance bonds
By Tali Rackner
Norfolk, Va., March 25 – BAA (SH) Ltd. announced the redemption of £605,000 of Heathrow Finance plc’s bonds on Tuesday, according to a notice.
The company redeemed £105,000 of 7 1/8% notes due March 1, 2017 (ISIN: XS0555678597) and £500,000 of 5 3/8% notes due Sept. 9, 2019 (ISIN: XS0864352504).
Following the transactions, £302,449,000 remains outstanding under the 7 1/8% notes and £267,104,000 remains outstanding under the 5 3/8% notes.
The company is a Hounslow, England-based holding company of BAA (SP) Ltd., which is in turn the holding company of a group of companies that owns Heathrow and Stansted airports.
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