Lufthansa Goes Promissory Note Loan Of 800 Million Euros

Means are used for the general corporate and refinancing of mature debt

The German Lufthansa AG has used the currently very attractive market promissory note and placed a large-volume promissory notes on April 10 of 2019. The promissory note was issued in maturities of three and five years. Thus, the Group has secured long-term funding totaling 800 million euros.

The agents are used for the general corporate and refinancing of mature debt.

With over 120 participating investors the transaction met with a very high demand, so that the originally scheduled volume of the bonded loan of 300 million euros to 800 million euros was raised. The investor base was very wide, with banks in the savings bank sector, cooperative banks and other international banks. This shows the great confidence enjoys the Lufthansa as a borrower on international financial markets.

Lufthansa has a credit rating of BBB (stable outlook) by the rating S & P, Baa3 (stable outlook) by Moody's and BBB- (positive outlook) of Scope. the issuance of the Bayerische Landesbank and Landesbank Hessen-Thüringen Girozentrale was arranged. The transaction was shown exclusively on the digital platform vc emission trade.

[translated from German]