MAG secures £300m bond in capital markets
Manchester Airports Group has raised £300m with a 22-year bond issue.
This issue was than three times oversubscribed at about £1bn.
MAG will use the proceeds of the bond to fund the transformational capital investment programmes that the group is undertaking at both Manchester and London Stansted Airports, which it owns.
Work has already begun on delivering the Manchester Airport Transformation Programme (MANTP), a £1bn programme of work which will allow the airport to serve more passengers in its terminals and make ful... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
