easyJet announces that on 24 February 2021 it priced EUR 1,200 million of bonds under its Euro Medium Term Note (EMTN) programme to be issued by its subsidiary easyJet FinCo B.V. (rated BBB- (negative) by Standard & Poor's) on 3 March 2021 and guaranteed by easyJet plc and easyJet Airline Company Limited. The bonds mature in March 2028, have a coupon of 1.875% and will be rated Baa3 (negative) by Moody's and BBB- (negative) by Standard & Poor's, with over 300 pan European investors participating in the issue.
Commenting on the issue, Kenton Jarvis, Chief Financial Officer, said:
"We are very pleased with the success of this bond issue. The interest shown by investors at c.5x oversubscription and the competitive pricing underscores the market's confidence in easyJet's strategy of long-term profitable growth while also significantly strengthening our liquidity position. "