Ferrovial says optimistic on BAA debt refinancing

MADRID (Reuters) - Ferrovial (FER.MC: Quote, Profile, Research) still expects to complete the refinancing of about 10 billion pounds of debt related to its purchase of British airport operator BAA in the third quarter, its chief financial officer said on Tuesday.

"We feel more optimistic than a few weeks ago about the completion of the refinancing in the third quarter," CFO Nicolas Villen told analysts on a conference call.

"We are making good progress on the bank facility, good progress on the ratings and good progress on the documentation. That's why we have started the bondholder inquiry so in a few weeks we can start negotiations with them," he added.

(Reporting by Ben Harding; Writing by Jane Barrett)