Today, TUI AG successfully issued EUR 300m senior notes with maturity of 5 years, a Coupon of 2.125% and a Yield of 2.25%. The transaction was well perceived by the market with a more than 6x oversubscribed orderbook. The proceeds are used for general corporate purposes including the refinancing of the outstanding EUR 300m 4.500% senior notes. The transaction was arranged by Commerzbank, Deutsche Bank, HSBC and SG CIB.
19 October 2016