Lufthansa Group successfully secures further liquidity on the capital market
- Third corporate bond of 1.5 billion euros issued in 2021
- Lufthansa Group takes advantage of favorable market conditions
- Placement with two maturities of two and five-and-a-half years complements Lufthansa Group's maturity profile
Deutsche Lufthansa AG has again successfully issued a bond with a total volume of 1.5 billion euros. The bond, with a denomination of 100,000 euros, was placed in two tranches with terms of two and five-and-a-half years respectively. The tranche with a term until 16 November 2023 has a volume of 600 million euros and bears interest of 1.625 percent per year. The tranche with a term until 16 May 2027 has a volume of 900 million euros and bears interest of 2.875 percent. The two tranches over two and five-and-a-half years fit perfectly into the Group’s maturity profile.
Remco Steenbergen, Chief Financial Officer of Deutsche Lufthansa AG, says:
“The long-term funds, which were again raised at attractive terms, will be used to further strengthen the Lufthansa Group's liquidity and refinance existing debt. This placement is one of several successful capital market transactions that we have executed since the end of last year and will further contribute to the full repayment of the government stabilization measures in Germany.”