Ryanair announced that it has issued a 6.5 year, €750m, Eurobond at a fixed coupon of 1.125%. Ryanair is rated BBB+ (stable) by both Standard & Poor’s and Fitch Ratings. These ratings reflect the ratings of Ryanair’s business model which as a long established track record of profitability, cash generation, and an industry leading balance sheet. The bond will be listed on the Irish Stock Exchange which offers access to both Europe and the rest of the world. The joint bookrunners were BNP Paribas, Citigroup and Crédit Agricole.
Ryanair’s Chief Financial Officer, Neil Sorahan said:
“We are pleased to have accessed the low cost Eurobond markets again. This €750m transaction was keenly priced at a fixed coupon of 1.125% p.a. This low cost finance will enable us to further reduce our aircraft ownership costs while continuing to offer the lowest fares and best customer service through our Always Getting Better programme as we grow to 200m customers p.a. by 2024.”
Atoms and Joby Aviation announced a strategic partnership to acquire and develop vertiport sites in the United States. The companies will initially focus on Florida, New York, and Texas, the markets w...
Avelo Airlines reached a major milestone, flying its 10 millionth Customer just five years after redefining affordable air travel in as America's most convenient airline. Since launching on April...
Chapman Freeborn launched an in-house Import Control System 2 (ICS2) declaration service for companies moving cargo into or through Europe.Developed by Chapman Freeborn’s specialist team in Germ...
The groundbreaking event of Liebherr-Aerospace Technology (Shanghai) is a milestone that marks a significant step for Liebherr – one of the world's top three landing gear suppliers with deca...
