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Lufthansa issues 750 million euro bond

02.07.09

Coupon fixed at 6.5 per cent / Issue sevenfold over-subscribed

Deutsche Lufthansa AG successfully placed another benchmark bond, the second this year, on 1 July 2009. With the issue, the Group is acquiring additional liquidity for general corporate financing purposes.

The bond has a volume of 750 million euros and a maturity of seven years. It has a fixed coupon of 6.5 per cent. It was issued at a re-offer price of 99.601 per cent, giving a yield of 6.573 per cent. This corresponds to a mid-swap spread plus 330 basis points. The issue elicited buoyant demand, especially among investors from Germany, Italy and Switzerland. All in all, the bond was oversubscribed sevenfold.

Joint bookrunners of the transaction were HSBC, Morgan Stanley, UBS and UniCredit. The bond was floated under the Lufthansa Debt Issuance Programme and is listed on the Luxembourg stock exchange.

The scale of the transaction as well as the negotiated terms reflect the confidence placed in Lufthansa as a borrower. Lufthansa is currently the only European airline with an investment rate grading (S&P’s: BBB negative credit watch; Moody’s: Baa3 negative outlook).


Contact person

Gregor Schleußner 
Senior Manager Investor Relations
+49 69 696 28012

Patricia Minogue
Investor Relations Manager
+49 69 696 28003

Gregor Schleußner 
Senior Manager Investor Relations
+49 69 696 28012

Patricia Minogue
Investor Relations Manager
+49 69 696 28003

Anja Tott
Investor Relations Manager,
Share register
+49 69 696 - 28009

Elisabeth Bär
Investor Relations Manager,
Annual General Meeting
+49 69 696 - 28005

Patrick Winter
Investor Relations Manager,
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+49 69 696 - 28006

Andrea Heinen
Creditor Relations Manager
+49 69 696 - 72316

Stefan Rost
Creditor Relations Manager
+49 69 696 - 72318