Fraport is raising a further 250 million euros

Pushback with load master (Photo: Fraport AG).
Pushback with load master (Photo: Fraport AG).

Fraport is raising a further 250 million euros

Pushback with load master (Photo: Fraport AG).
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Fraport AG organized a further 250 million euros in the form of promissory notes on the capital market. The terms are up to eight years and are issued in several tranches. This increased the cash balance to around three billion euros.

"In this still very volatile market environment, we improved our liquidity position again after placing the euro benchmark bond in July," said Matthias Zieschang, CFO of Fraport AG. “The funding raised this year has thus increased to around 2,7 billion euros. With liquid funds and committed credit lines of over 3 billion euros, we are particularly well equipped to cope with the current crisis and at the same time to invest in the future of our company ”.

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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