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  • ISIN number Coupon Coupon payment date Scheduled redemption date Notional/nominal value Sterling amount 
    (2) (3) (4) (5) (6) (7) (9) (19)
    XS0383000675 9.200% 29 Mar / 29 Sep 29-Mar-21 £250m £250m
    CA42246QAA63 (7) 3.000% 17 Jun / 17 Dec 17-Jun-21 C$450m £246m
    XS0643616435 / US05607MAA53 4.875% 15 Jan / 15 Jul 15-Jul-21 US$1,000m £621m
    XS0774767924 (8) 1.650% 25-Apr 25-Apr-22 £180m £217m
    XS1069552393 1.875% 23-May 23-May-22 €600m £490m
    XS0383002291 5.225% 15-Feb 15-Feb-23 £750m £750m
    CH0311427584 0.500% 17-May 17-May-24 CHF400m £277m
    CA42246QAB47 (7) 3.250% 21 May / 21 Nov 21-May-25 C$500m £266m
    CH0467182413 0.460% 15 Oct 15-Oct-26 CHF210 £161m
    XS0471436088 6.750% 3-Dec 03-Dec-26 £700m £700m
    XS1202083819 (9) 2.650% 1-Oct 01-Oct-27 NOK1,000m £84m
    CA42246QAC20 (7) 3.400% 8 Sep / 8 Mar 08-Mar-28 C$400m £226m
    XS0383000832 7.075% 4 Feb / 4 Aug 04-Aug-28 £200m £200m
    XS1891780691/ 89178069 (19) 4.150% 11 Apr / 11 Oct 11-Oct-28 A$175m £96m
    XS1448391968 (9) 2.500% 7 Dec 07-Dec-29 NOK1,000m £91m
    XS1186176571 1.500% 11-Feb 11-Feb-30 €750m £566m
    CA42246QAD03 3.872% 4 Mar / 4 Sep 04-Sep-30 C$400m £239m
    XS0383001053 6.450% 10 Jun / 10 Dec 10-Dec-31 £900m £900m
    XS0736965855 (10) 0.000% n/a 26-Jan-32 €50m £42m
    XS1008233907 (11) 1.366% 28 May / 28 Nov 28-Mar-32 £75m £86m
    XS0758021967 (12) 0.000% n/a 02-Apr-32 €50m £42m
    XS1641623381 1.875% 12 Jul 28-Jul-32 €500m £443m
    XS1960589155 1.875% 14 Mar 14-Mar-34 €650m £559m
    XS1072249128 4.171% 12 Jun / 12 Dec 12-Jun-34 £50m £50m
    XS1078358733 (13) 0.000% n/a 01-Jul-34 €50m £40m
    XS1008232925 (11) 1.382% 28 May / 28 Nov 28-Jan-39 £50m £57m
    XS1958301183 (20) 0.000% n/a 11-Sep-39 €86m £75m
    XS0471438456 (14) 3.334% 9 Jun / 9 Dec 09-Dec-39 £460m £617m
    XS1088823791 (15) 1.238% 22 Mar / 22 Sep 22-Mar-40 £100m £113m
    XS0625276257 5.875% 13-May 13-May-41 £750m £750m
    XS18353428248 2.926% 28 Mar / 28 Sept 28-Sep-43 £55m £55m
    XS0987355855 4.625% 31-Oct 31-Oct-46 £750m £750m
    XS1008235514 (11) 1.372% 28 May / 28 Nov 28-Jan-49 £75m £86m
    XS146324583 2.750% 9 August 09-Aug-49 £400m £400m
    XS1825514067 (17) 1.570% 1 Jan / 1 Jul 01-Jul-58 £160m £168m
      Sub-total £10,713m

     

    ISIN number Coupon Coupon payment date Scheduled redemption date Notional/nominal value Sterling amount 
    XS0759599409 6.000% 20-Mar 20-Mar-20 £400m £400m
    XS0746068732 7.125% 14-Feb 14-Feb-24 £600m £600m
    XS1092315339 4.221% 06-Aug 06-Aug-26 £155m £155m
    £75m RPI +0.347% (18) 0.347% 19 Mar / 19 Sep 19-Mar-35 £75m £0m
    £75m RPI +0.337% (18) 0.337% 19 Mar / 19 Sep 19-Mar-36 £75m £0m
    XS1161083487 (16) 1.061% 19 Mar / 19 Sep 21-Sep-36 £180m £202m
    £51m RPI +0.419% (18) 0.419% 19 Mar / 19 Sep 19-Mar-38 £51m £0m
    £105m 3.460% (18) 3.460% 19 Mar / 19 Sep 19-Mar-38 £105m £0m
    £75m RPI + 0.362% (18) 0.362% 19 Mar / 19 Sep 19-Mar-41 £75m £0m
      Sub-total £1,357
    TOTAL BONDS ISSUED BY HEATHROW FUNDING LIMITED £12,070m
    ISIN number Coupon Coupon payment date Scheduled redemption date Notional/nominal value Sterling amount 
    XS1904681944 4.750% 1 Mar / 1 Sep 01-Mar-24 £300m  £300m
    XS1120937617 5.750% 1 Mar / 1 Sep 03-Mar-25 £250m  £250m
    XS1622694617 3.875% 1 Mar / 1 Sep 01-Mar-27 £275m  £275m
      Sub-total £825m
    1.  Debt as at 30 September 2019. The bonds are issued by Heathrow Funding Limited but certain bonds were originally issued by LHR Airports Limited (previous BAA plc) and migrated to Heathrow Funding Limited as part of the Group's refinancing completed in 2008.
    2. If Class A bonds are not redeemed on the Scheduled Redemption Date, they remain outstanding until their legal maturity date which is 2 years later than the Scheduled Redemption Date. During this two year period, the coupon paid would be based on a floating rate plus 4% per annum. For Class B bonds the legal maturity date is the same as the Scheduled Redemption Date. The legal maturity date of the Class A bonds is 2 years after the Scheduled Redemption Date to cater solely for the possibility that Heathrow Airport Limited might default on repayment of its inter-company loan from Heathrow Funding due to be repaid by the relevant Scheduled Redemption Date to provide Heathrow Funding Limited with the funds to repay the related bond. As such, the Group does not have the right to extend the Scheduled Redemption Date.
    3. The nominal value outstanding of certain bonds issued before August 2008 is lower than the original issue size due to certain bondholders either voting against the refinancing proposals or being ineligible to participate in the refinancing completed in August 2008.
    4. The Euro-denominated issues with scheduled redemption dates of 23 May 2022, 11 February 2030, 26 January 2032, 2 April 2032, 24 March 2032 and 1 July 2034 were converted into sterling at a rate of 0.817, 0.832, 0.8389, 0.885, 0.861 and 0.806 respectively.
    5. The US dollar-denominated issue with scheduled redemption date of 15 July 2021 was converted into sterling at a rate of 0.6213.
    6. The CHF-denominated issue with the scheduled redemption date of 17 May 2024 and October 2026 was converted into sterling at a rate of 0.69213 and 0.766.
    7. The CAD dollar-denominated issues with scheduled redemption dates of 3 July 2019, 17 June 2021, 21 May 2025, 8 March 2028 and 4 September 2030 were converted into sterling at a rate of 0.624, 0.547, 0.532, 0.566 and 0.596 respectively.
    8. This is an index-linked bond where, in addition to the coupon payable of 1.65%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. The notional value of this bond was £217m as at 30 September 2019 which includes accretion of £37 million on its effective original issue value of £180 million.
    9. The Norwegian Krone denominated issues with the scheduled redemption date of 1 October 2027 and 7 December 2029 were converted into sterling at a rate of 0.08439 and 0.091158 respectively.
    10. This is a zero coupon bond where a yield of 4.25% per annum from the time of issue will be accrued on the notional/nominal value of the bond.
    11. These are index-linked bonds where, in addition to the coupons payable of 1.366%, 1.382% and 1.372%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. As at 30 September 2019, the notional values of these bonds were £86m, £57m and £86m, which includes accretion of £11m, £7m and £11m on their effective original issues of £75m, £50m and £75m, respectively.
    12. This is a zero coupon bond where a yield of 4.12% per annum from the time of issue will be accrued on the notional/nominal value of the bond.
    13. This is a zero coupon bond where a yield of 3% per annum from the time of issue will be accrued on the notional/nominal value of the bond.
    14. This is an index-linked bond where, in addition to the coupon payable of 3.334%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. As at 30 September 2019, the notional value of this bond was £617m which includes accretion of £157m on its effective original issue value of £460m.
    15. This is an index-linked bond where, in addition to the coupon payable of 1.238%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. The notional value of this bond was £113m as at 30 September 2019, which includes accretion £13 million on its effective original issue of £100 million.
    16. This is an index-linked bond where, in addition to the coupon payable of 1.061%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. The notional value of this bond was £202m as at 30 September 2019, which includes accretion £22 million on its effective original issue of £180 million.
    17. This is an index-linked bond where, in addition to the coupon payable of 0.147%, the change in the retail prices index from the time of issue will be added to the notional/nominal value of the bond. The notional value of this bond was £168m as at 30 September 2019, which includes accretion £8 million on its effective original issue of £160 million.
    18. Debt to be drawn in March 2020.
    19. The AUD-denominated issue with the scheduled redemption date of 11 Oct 2028 was converted into sterling at a rate of 0.54847.
    20. This is a zero coupon bond where a yield of 2.167% per annum from the time of issue will be accrued on the notional/nominal value of the bond.

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