50 SKY SHADES - World aviation news

Lufthansa issues 1.2 billion euro promissory note

Download: Printable PDF Date: 22 Dec 2016 14:08 categories:
Publisher:
Lufthansa issues 1.2 billion euro promissory note - Finance publisher
Krista Kuznecova
Country: Germany Aircraft: Airplanes Airline: Lufthansa

For the second time this year, Deutsche Lufthansa AG has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of 1.2 billion euros in funding. Approximately half a billion euros of this amount has already been paid out in December 2016; Lufthansa will receive the remaining funds in January 2017.

The funds will be used for general corporate purposes.

With over 180 investors, the transaction proved very popular with a wide range of investors. In addition to investors from the sector of savings banks, credit unions and other European banks, a significant share was bought by Asian investors. This is yet another demonstration of the great confidence that Lufthansa enjoys as a debtor in international financial markets.

Lufthansa has a rating of BBB- (negative outlook) from S&P, BBB- (stable outlook) from Scope and Ba1 (positive outlook) from Moody’s. The issue was arranged by DZ Bank AG, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale.

Afficher l'image d'origine



Loading comments for Lufthansa issues 1.2 billion euro promissory note...


Recommended

ABS Jets was awarded the IS-BAO III certificate, confirming its position among the global leaders

ABS Jets, the leading European business jet operator, has received the International Standard for Business Aircraft Operations (IS-BAO) Stage III certification. The company is the first in the Czech R...

MOMook to make 43 Air School training operations more efficient

MOMook, an intelligent business and training management software developer, and 43 Air School, the largest aviation training provider in South Africa, signed a contract on the use of MOMook software f...

Air Culinaire Worldwide and Universal Private Transport Integrate with RocketRoute

Air Culinaire Worldwide® and Universal Private TransportSM announced last week during the National Business Aviation Association’s (NBAA) annual conference, a new integration with RocketRout...

Russian Helicopters plans to build a prototype for a 1.5-ton tiltrotor aircraft by 2019

Specialists of VR-Technologies, the innovation design office of Russian Helicopters (part of Rostec State Corporation) plans to build a prototype for the first electric tiltrotor&n...