BAA Limited, an airport company owned by Grupo Ferrovial, announced that it has successfully placed a GBP700 million ($1.14 billion)bond, with a 2026 maturity and a fixed annual interest coupon of 6.75%.

BAA's 700 million pound, A-rated deal, which launched last Friday, is the first jumbo whole business securitization (WBS) since the onset of the credit crunch.

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