Ryanair Issues €850m Euro Bond

Ryanair has issued its first Euro bond debt insurance as part of its plans to source low-cost financing. Ryanair is planning to access the debt capital markets ahead of deliveries of its new 180 737-800NGs, due to start in September. The airline is aiming to grow by 40 per cent over the next five years to over 110 million passengers per annum. Fixed at 1.875 per cent for seven years, the €850m ($1.15bn) bond will be listed on the Irish Stock Exchange, which offers access to investors both in Europe and the rest of the world. Ryanair’s CFO and deputy CEO, Howard Millar, said: “The bond was more than eight times over-subscribed; that reflects very strong demand from investors right across Europe.”  

TAGS: Europe
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