Lufthansa launches new bond issuance

Eleanor Steed
By Eleanor Steed June 8, 2018 15:43

Lufthansa launches new bond issuance

Deutsche Lufthansa’s has issued a €500 million senior unsecured bond, due 2019, rated at BBB- by Scope, and €500 million junior subordinated hybrid debt rated at BB.

The senior unsecured bond reflects Scope’s senior unsecured debt rating of Deutsche Lufthansa AG and its senior unsecured €4.0bn debt issuance program. The BB rating on the junior hybrid debt facility however reflects the optional deferability of coupon payments and deep subordination only ahead of common equity, says Scope.

Eleanor Steed
By Eleanor Steed June 8, 2018 15:43