Associated British Ports (ABP) has raised £2.36bn ($3.65bn) to refinance the previous bank debt facilities put in place at the time of its takeover in 2006.
It has established a £5bn Euro Medium Term Note (EMTN) programme in the name of ABP Finance, from which it issued a debut 6.25% £500m bond due 14 December 2026.
The successful issue of the bonds followed the rating of BBB+ by Fitch Ratings and Baa2 by Moody’s Investors Service.
ABP
