Deutsche Lufthansa has priced a €750 million ($643.26 million) bond offering on May 13, 2024, with a coupon of 4.000% per annum and matures on May 21, 2030. It represents the issuer's first offering since July 2021 and also marks the first transaction since the company's return to investment grade by Moody's, S&P, and Fitch.
""Deutsche Lufthansa AG is the only network airline in Europe with investment grade ratings by all leading rating agencies – Standard & Poor’s, Moody’s, Fitch und Scope,"" said Lufthansa Group chief officer human resources & infrastructure and interim chief financial officer Michael Niggemann. ""Based on that, we were able to issue this corporate bond at favourable terms.""
The company said the bond was oversubscribed by more than three times following its ""successful"" investor call last week.
Niggemann added: ""The great success of this transaction underlines the confidence of the capital market in our company and confirms our access to various favourable financing instruments. The proceeds will primarily be used to refinance maturing financial liabilities.""
Active joint bookrunners for the transaction are Citibank, Credit Agricole CIB, Natwest Markets, ING Bank, and JP Morgan.
Lufthansa prices new bond offering
