TUI AG starts placement of sustainability-linked senior notes - Get updated on what's happening in tourism!

TUI AG starts placement of sustainability-linked senior notes
Issuance of the notes in sustainability-linked format based on TUI AG’s new Sustainability-Linked Finance Framework.
TUI AG starts placement of sustainability-linked senior notes

Today, TUI AG announced the launch of the placement of sustainability-linked senior notes in a targeted principal amount of 300 million euros with a tenor of five years. The coupon of the notes is linked to the achievement of a specific sustainability target. TUI group’s Airlines CO2e-emissions per Revenue Passenger Kilometer are to be reduced by at least 11 per cent until the end of the financial year ending on 30 September 2026 (compared to financial year ended 30 September 2019).

The issue proceeds will be used to repay existing liabilities, reduce the KfW credit line and cover expenses associated with the bond.

The notes will be issued under the TUI AG’s Sustainability-Linked Finance Framework, which is available on the company’s website.

The placement of the notes starts today, and the pricing is expected to be determined in the coming days. There is no assurance that the issuance of the notes will be completed.

Image Credit: © TUI Group

Copyright 2020 - Alle Rechte Vorbehalten | Impressum | Über Uns
Our website can be used on all desktop Computers and mobile devices
Tourexpi, turizm haberleri, Reisebüros, tourism news, noticias de turismo, Tourismus Nachrichten, новости туризма, travel tourism news, international tourism news, Urlaub, urlaub in der türkei, день отдыха, holidays in Turkey, Отдых в Турции, global tourism news, dünya turizm, dünya turizm haberleri, Seyahat Acentası,