Ryanair launches €850 million bond 

Ryanair sold an €850 million euro ($1 billion) bond, on its first visit to the bond market first in three years. Investors put in €4.4 billion of orders for the bond, more than five times the amount Ryanair was seeking to raise, a lead manager memo seen by Reuters showed. The bond, priced at a yield of 3%, and will pay a coupon of 2.875% –  more than double what Ryanair paid for longer debt in 2017. Strong investor demand appears to rest on Ryanair’s balance sheet. The carrier has more than €3.9 billion of cash at June 30 and aircraft