For the second time this year, Deutsche Lufthansa AG has placed a large-volume promissory note. The note was issued with maturities of five, seven and ten years. As a result, the group has secured a total of 1.2 billion euros in funding. Approximately half a billion euros of this amount has already been paid out in December 2016; Lufthansa will receive the remaining funds in January 2017.
The funds will be used for general corporate purposes.
With over 180 investors, the transaction proved very popular with a wide range of investors. In addition to investors from the sector of savings banks, credit unions and other European banks, a significant share was bought by Asian investors. This is yet another demonstration of the great confidence that Lufthansa enjoys as a debtor in international financial markets.
Lufthansa has a rating of BBB- (negative outlook) from S&P, BBB- (stable outlook) from Scope and Ba1 (positive outlook) from Moody's. The issue was arranged by DZ Bank AG, Landesbank Baden-Württemberg and Landesbank Hessen-Thüringen Girozentrale.
Deutsche Lufthansa AG
Media Relations Lufthansa Group