Successful placement of Lufthansa benchmark bond
18.03.09
Coupon fixed at 6.75% / issue fivefold over-subscribed.
Deutsche Lufthansa AG successfully concluded the placement of a five-year 850 Million Euro benchmark bond, herewith securing further long term financing. The 6.75% bond, which is due 24 March 2014, had a re-offer price of 99.555% to give a spread of mid swaps plus 410 basis points. The issue was fivefold over-subscribed.
Joint Bookrunners were Deutsche Bank, JP Morgan and Société Générale. The transaction has been launched off Lufthansa’s Debt Issuance Programme. The bond will be listed on the Luxembourg Stock Exchange.
Lufthansa is currently the only European airline with an investment grade rating (Moodys: Baa3 stable outlook; S&P: BBB negative outlook). The scale and terms negotiated impressively underline Lufthansa´s solid financial profile. Lufthansa is to utilise the capital raised in the bond issue for general corporate purposes.
Jobst Honig
Investor Relations Manager
+49 69 696 28011
jobst.honig(at)dlh.de
Gregor Schleußner
Investor Relations Manager
+49 69 696 28012
gregor.schleussner(at)dlh.de
Jobst Honig
Investor Relations Manager
+49 69 696 28011
jobst.honig(at)dlh.de
Gregor Schleußner
Investor Relations Manager
+49 69 696 28012
gregor.schleussner(at)dlh.de
Anja Schurr
Investor Relations Manager,
Annual General Meeting
+49 69 696 - 28009
anja.schurr(at)dlh.de
Elisabeth Bär
Investor Relations Manager,
Annual General Meeting
+49 69 696 - 28005
elisabeth.baer(at)dlh.de
Patrick Winter
Investor Relations Manager,
Share register
+49 69 696 - 28006
patrick.winter(at)dlh.de
Andrea Heinen
Creditor Relations Manager
+49 69 696 - 72316
andrea.heinen(at)dlh.de
Stefan Rost
Creditor Relations Manager
+49 69 696 - 72318
stefan.rost(at)dlh.de