Sydney Airport places A$175 million in postponed refinancing deal

The five-year domestic bond issue first sounded by Sydney Airport Corporation (Sydney Airport) (BBB/Baa2/BBB) in early May, then postponed as European-centred volatility gripped the market, placed volume of A$175 million (US$152.7 million) on June 28. The transaction is part of a buyback and exchange transaction for two outstanding credit-wrapped lines from the same issuer, due in November 2011 and December 2012.