Freshfields Bruckhaus Deringer, Allen & Overy (A&O) and Clifford Chance (CC) have all taken advisory roles on a $1bn (£623,700) ‘Yankee’ bond offering by airports operator BAA.

Freshfields advised BAA with a team led by international capital markets co-head Sarah Murphy and finance partner Marcus Mackenzie, while A&O advised the arrangers and dealers – which included RBS and Citibank – led by capital markets partners Tim Conduit and Diana Billik. CC acted for the bond trustee.