Schiphol Group, that operates the fifth largest European airport by passenger numbers, has announced that it has successfully re-opened its 2014 Eurobond.
With this transaction Schiphol Group will raise an amount of €100 million, in addition to the amount of €700 million that was raised on 12 November 2008. The bonds will be issued by Schiphol Nederland B.V. under its existing Euro Medium Term Note (EMTN) program. The Bonds have been priced at an issue price of 101.777% and will carry a coupon of 6.625%. The effective yield of the Bonds is 6.21% and is lower compared to the 6.72% yield of the issue in November.
ING Wholesale Banking, J.P. Morgan and RBS acted as joint lead managers for this issue. The bonds will be listed on Euronext Amsterdam.
Source: Schiphol Group