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Investegate |Manchester Airport Announcements | Manchester Airport: MAG ANNOUNCES A CONSENT SOLICITATION


29 April 2021
Overview
Manchester Airport Group Funding PLC (the Issuer ) today announced a consent solicitation in respect of the following series of bonds (the Bonds ):
(a)  £450,000,000 4.75 per cent. Fixed Rate Bonds due 2034 (ISIN: XS1032630771);
(b)  £360,000,000 4.125 per cent. Fixed Rate Bonds due 2024 (ISIN: XS1057530393);
(c)  £300,000,000 2.875 per cent. Fixed Rate Bonds due 2039 (ISIN: XS1718393512); and
(d)  £350,000,000 2.875 per cent. Fixed Rate Bonds due 2044 (ISIN: XS1991245017).
Capitalised terms used in this announcement and not defined herein have the meanings ascribed to them in the STID Proposal Information Memorandum dated 29 April 2021 (the STID Proposal InformationMemorandum ).
Background
Following the severe disruption to the global travel industry caused by the outbreak of the COVID-19 pandemic in March 2020, the COVID-19 outbreak continues to affect the global travel industry and cause a significant drop in ....

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