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Lufthansa Group successfully issued bond with investment grade ratings
Deutsche Lufthansa AG successfully issued an
unsecured Euro bond with a volume of 750 million euros. Yesterday, 13 May, the
bond with a tenor of six years was oversubscribed by more than three times
following successful investor calls last Friday. The bond has a denomination of
1,000 euros, a coupon of 4.000 per cent per annum and matures on 21 May 2030.
Dr. Michael Niggemann, Chief Officer Human
Resources & Infrastructure and interim Chief Financial Officer of Lufthansa
Group says: “Deutsche Lufthansa AG is the only network airline in Europe with
investment grade ratings by all leading rating agencies – Standard &
Poor’s, Moody’s, Fitch und Scope. Based on that, we were able to issue this
corporate bond at favorable terms. The tenor of six years complements our
maturity profile perfectly. The great success of this transaction underlines
the confidence of the capital market in our company and confirms our access to
various favorable financing instruments. The proceeds will primarily be used to
refinance maturing financial liabilities”.
Image
Credit: © Lufthansa Group
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