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Business Description

Gatwick is the UK’s second largest airport and flies a range of both short and long-haul point-to-point services. The airport is a vital piece of the UK’s national infrastructure and is also a major driver for both the regional and national economies.

Bond Information

Coupon
4.375%
07 Apr 2026
Previous Payment
07 Apr 2025
Next Interest Payment
07 Oct 2025
Interest Period
6 months
XS2329602135
Unsecured
£450,000,000
Moody's:  Ba3
Fitch:  BB
07 Apr 2023 at 102.188
07 Apr 2024 at 101.094
07 Apr 2025 at 100
Status
Payments on time

* Current Yield and Yield to Maturity are on estimated return calculations and not guaranteed. All yields shown are gross of Taxation and our Service Fee.

Company Information

Company Legal Name
Gatwick Airport Finance
Industry
Energy, Utilities & Infrastructure
Country of Origin
United Kingdom
Year of Incorporation
1950
Ownership Status
Private

Capital Structure

Type £m x EBITDA* % of capitalisation* EBITDA/Interest*
Cash and equivalents na na na na
Super senior debt na na na na
Leases NPV na na na na
Net super senior debt na na na na
1st lien secured debt na na na na
Net debt na na na na
Enterprise value na na na na
LTM EBITDA 172.20          
Cash Interest 109.50          

Source: Aggredium

* An asterisk next to an item indicates there is additional information available if you hover over it. You can also find a definition of the terms used on this page in our Glossary.

Key Financials

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Capital at risk.

Please note as a WiseAlpha member you are not lending directly to the corporate borrower. Instead, you are purchasing Fractional Bonds, each one backed by a specific bond. See Risk Statement.