Deutsche Lufthansa AG has taken advantage of the currently highly attractive promissory note market to place a promissory note loan. The promissory note was issued in tranches with terms of four and five and a half years. The Group therefore secured further long-term financing on April 6.
Due to the very positive demand, the originally set volume of the promissory note loan was increased from 300 million euro to 475 million euro. More than 80 investors took part in the transaction, in which non-European investors provided more than half of the volume. This underlines the confidence in Lufthansa as a borrower and the Group’s positive international reputation.
Lufthansa has a rating of BBB- (stable outlook) from S&P and Ba1 (positive outlook) from Moody’s. The issue was arranged by the Landesbanken Baden-Württemberg and Hessen-Thüringen.