Allen & Overy advised Morgan Stanley Dean Witter in relation to a £100m bond issue for London City Airport. Morgan Stanley acted as arranger and lead manager in structuring and documenting the deal. The bond is secured on all assets of London City Airport while debt will be repaid on the company's earnings. Paul Bedford acted on the team of four with fellow capital markets partner David Krischer and senior securitisation lawyer Angela Clist. Simmons & Simmons represented London City Airport.