Lufthansa organized a further 1,5 billion euros on the capital market. It is already the third bond that has been issued this year. The current one has two terms of two and five and a half years.
The bond with a denomination of 100.000 euros was placed in two tranches with a term of two and five and a half years respectively: The tranche with a term until November 16, 2023 has a volume of 600 million euros and bears interest of 1,625 percent per year. The tranche with a term until May 16, 2027 has a volume of 900 million euros and pays 2,875 percent interest per year.
“The long-term funds raised again at attractive terms will be used to further strengthen the Lufthansa Group's liquidity and to refinance existing debts. This bond placement is one of several successful capital market transactions that we have carried out since the end of last year. It will also help to ensure that the state stabilization funds in Germany can be fully repaid, ”said Chief Financial Officer Remco Steenbergen.