Heathrow Airport unit eying latest bond sale in Canada

Conditions have grown more favourable for issuers of so-called maple bondsAuthor of the article:You can save this article by registering for free here. Or sign-in if you have an account.A unit of Heathrow Airport is looking to raise around $500 million through a bond sale in Canada, according to people familiar with the matter, amid improved market conditions there for overseas borrowers.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.The note from Heathrow Funding Limited could have a maturity of about 10 years, and initial discussions are for a spread of at least 120 basis points above Canadian government benchmarks, said the people, who asked not to be identified as they aren’t authorized to speak publicly.Representatives from the funding vehicle of the London airport are scheduled to speak with Canadian investors on April 6, Bloomberg reported on Wednesday.Heathrow didn’t immediately reply to a request for comment on Thursday.Conditions have grown more favourable for issuers of so-called maple bonds. Meanwhile, investors have been increasingly attracted to loonie-denominated bonds from non-Canadian entities as they’re now part of the FTSE Canada Universe Bond Index.Heathrow Funding raised $600 million last July, with orders nearly six times that.Bloomberg.comPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.