Heathrow places C$450 million 7 year bond

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4 June 2014

Heathrow places C$450 million 7 year bond

Heathrow has successfully placed a C$450 million Class A bond with a 2021 maturity and a fixed coupon of 3.0%.

The bond issue follows extensive marketing across Canada which provided the basis for broad support from Canadian institutional investors, with demand well in excess of C$1.25 billion. The bond priced at the tight end of guidance at 117 basis points over Government of Canada bonds, providing an attractive cost of funds to Heathrow.

Heathrow was a debut issuer in Canada in June 2012 and the latest bond reflects Heathrow's ongoing commitment to strengthen its presence in the Canadian market with its strong investor base.

Heathrow expects to use the proceeds of the bond for general corporate purposes.

Andrew Efiong, Heathrow's Director of Treasury, said: "We are delighted to return to the Canadian market reflecting our strategy of maintaining a well-diversified financing platform. We are pleased with the continued support of many investors that participated in our inaugural Canadian dollar bond in 2012 combined with significant participation from new investors, reflecting confidence from investors globally for the Heathrow credit story."

The strength of Heathrow's multi-currency debt financing platform continues to support the £11 billion of transformational investment that has been made in Heathrow, and this bond issuance coincides with start of operations of the £2.5 billion Terminal 2: The Queen's Terminal.

For investor enquiries please contact Anne Hurn, Investor Relations on +44 20 8745 9947

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.