Aegean Air raises €200 million in bond issuance

Aegean Airlines debut bond issuance has raised €200 million. The sale of the seven-year notes, priced at 3.6% and issued at par, was 2.6 times oversubscribed reaching a total book of €527.7 million. The European Bank for Reconstruction and Development (EBRD) invested €22.5 million since the airline will finance investments in support of the Greek tourism sector. Aegean plans to use three quarters of the proceeds to partly finance its new aircraft deliveries, with the remainder paying for a new 12,000 square metre training centre with flight simulators at the Athens International Airport (AIA) as well as working capital. Piraeus