TUI plans new euro bond issuance to refinance 2019 notes

Eleanor Steed
By Eleanor Steed October 17, 2016 13:37

TUI plans new euro bond issuance to refinance 2019 notes

TUI is planning a euro-denominated five-to-seven year bond issuance, which will refinance its outstanding €300 million 4.500% senior notes due 2019 issued in 2014. Any surplus will be used for general corporate purposes.

The holiday group is holding an investor call today and states that the timing of the transaction will be subject to market conditions.

Commerzbank, Deutsche Bank, HSBC and Societe Generale CIB have been mandated as bookrunners.

Eleanor Steed
By Eleanor Steed October 17, 2016 13:37