COPENHAGEN, Denmark, Aug. 28, 2003 (PRIMEZONE) -- Copenhagen Airports A/S has strengthened its capital resources and reduced the company's refinancing risk by raising a USD 300 million loan. The loan has been raised from US investors through an issue of bonds to private investors in a private placement.The loan has been swapped into Danish kroner at a fixed rate and will be repaid in three equal tranches in the years 2013, 2015 and 2018.
By raising this loan, Copenhagen Airports A/S has exploited the favourable market conditions and secured attractive, long-term finance.
The funds will primarily be used to reduce other debt.
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