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Ryanair Hold. Plc — Capital/Financing Update 2020
Sep 9, 2020
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Download source fileauthor: Sorahan, Neil
date: 2020-09-08 13:49:00+00:00
RYANAIR ISSUES EUR850M EUROBOND AT 2.875% FIXED FOR 5 YEARS
Ryanair today (8 Sept.) announced that it has issued a 5 year, €850m, Eurobond at a fixed coupon of 2.875%. Ryanair is rated BBB by both S&P and Fitch Ratings. The bond will be listed on the Irish Stock Exchange (Euronext) which offers access to both Europe and the rest of the world. The joint bookrunners were Barclays, BNP Paribas and Citigroup.
Ryanair’s Group CFO, Neil Sorahan said:
“We are pleased to have accessed the unsecured Eurobond markets again. This €850m transaction, which follows Ryanair’s successful €400m share placing last week, was multiple times oversubscribed and was keenly priced at a coupon of 2.875%.”
For further information
please contact:
Edelman Ireland Peter Larkin (Head of Investor Relations)
Tel.: +353-1-6789333 Tel.: +353-1-9451212