easyJet has announced the pricing of €850 million ($929 million) of bonds under its Euro Medium Term Note (EMTN) programme, due to be issued on March 20 2024. They will mature in March 2031 and were sold at par. Over 200 investors are participating in the issue, with easyJet chief financial officer Kenton Jarvis explaining: “The interest shown by investors at greater than 4x oversubscription and the competitive pricing underscores the market’s confidence in easyJet’s strategy”. The first tranche of bonds have a coupon rate of 3.75% and are expected to be rated Baa2 (stable) by Moody’s and BBB (positive)

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