BAA Said to Tap Index-Linked Secured Bonds Due in 2039

BAA Funding Ltd. will tap its 3.334% senior secured index-linked bonds in pounds due 2039, according to a banker involved in the transaction.

The additional notes may be priced to yield 260 basis points more than U.K. government debt, the banker said. RBC Capital Markets and Royal Bank of Scotland Group Plc are managing the sale.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net

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