Lufthansa secures long-term financing through promissory note loans

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By admin April 14, 2016 20:29

Lufthansa secures long-term financing through promissory note loans

Deutsche Lufthansa has placed a promissory note loan, which has been issued in tranches with terms of four and five and a half years. The Group therefore secured further long-term financing on April 6.

Due to the very positive demand, the originally set volume of the promissory note loan was increased from €300 million to €475 million. More than 80 investors took part in the transaction, in which non-European investors provided more than half of the volume.

Lufthansa has a rating of BBB- (stable outlook) from S&P and Ba1 (positive outlook) from Moody’s. The issue was arranged by the Landesbanken Baden-Württemberg and Hessen-Thüringen.

admin
By admin April 14, 2016 20:29