Schuldschein with several tranches and tenors

Issuer TUI AG
Date of issuing June 2018
Volume €425m2
Maturity Date July 2023 - July 2028
Interest % p.a. 1.753
Payment of interest variable: semi-annually/ fix: annually
Denomination at least €500m, then a multiple of €500m


2) €425m split into three tranches with maturity of 5 years, 7 years and 10 years (closed July 2018)
3) Average interest rate including hedge costs for variable tranches