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

XTI Aircraft on Schedule with Development of Flying Prototype

XTI Aircraft Company (XTI) announced it is on schedule and on budget as it completes the ducts and fans for its 60% scale flying prototype of the TriFan 600 aircraft and moves toward...

Bell to showcase vertical lift innovations at HAI Heli Expo 2018

Bell Helicopter will display its new air taxi cabin, along with the Bell 505 Jet Ranger X and Bell 525 Relentless from booth # C5122 at Heli Expo 2018, which takes place at the Las Vegas Convention Ce...

Boeing 737 MAX 9 Awarded FAA Certification

Boeing [NYSE: BA] announced that the 737 MAX 9 has received an amended type certificate (ATC) from the U.S. Federal Aviation Administration (FAA), officially certifying the airplane for commercial ser...

Flying Colours Corp. selected by Conair to complete six Q400MR special mission interiors.

Flying Colours Corp. the maintenance, refurbishment and completion specialist has signed an agreement with, Conair Group Inc., a leading provider of fixed wing aerial firefighting aircraft, to mo...