24th Feb 2021 18:00
easyJet PLC - Luton-based budget airline - Says it has priced EUR1.2 billion of bonds under its Euro Medium Term Note programme. The bonds mature in March 2028, have a coupon of 1.875% and will be rated Baa3 negative by Moody's and BBB-negative by Standard & Poor's, with over 300 pan European investors participating in the issue.
"We are very pleased with the success of this bond issue. The interest shown by investors at 5 times over-subscription and the competitive pricing underscores the market's confidence in easyJet's strategy of long-term profitable growth while also significantly strengthening our liquidity position," says Chief Financial Officer Kenton Jarvis.
Current stock price: 989.00 pence
Year-to-date change: down 21%
By Arvind Bhunjun; [email protected]
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