Tourexpi
TUI AG announces early redemption of €300 million Senior Bond 2016/2021
The repayment will be made from the funds already available from the capital increase approved at the Extraordinary General Meeting on 5 January 2021.
In accordance with the agreement on the loans granted by KfW in the framework of the three financing packages for TUI, the early redemption of the senior bond extends the maturities. The KfW loans from the stabilisation packages (totalling € 3.05 billion) will thus not mature until July 2022.
Detailed information on the early redemption is available on the Investor Relations website.
Image Credit: © TUI Group
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