Lufthansa issues EUR500 million five-year bond

Deutsche Lufthansa AG has announced the issuing of a 1.125% EUR500 million five-year bond. Lufthansa stated the bond issuance is to raise additional long-term financing for general corporate purposes, and to take advantage of the currently favourable capital market conditions. The bond, which is due 12th September 2019, had a re-offer price of 99.556% to give a spread over mid swaps of 75 basis points. Lufthansa is rated BBB- (stable outlook) by S&P and Ba1 (positive outlook) by Moody’s. The issue was three times over-subscribed and achieved the lowest coupon ever for a BBB- rated corporate. The achieved terms of