The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Ryanair Holdings Plc is readying its first euro-bond sale since 2017, testing investor appetite for high-grade airline debt amid coronavirus travel upheavals.
Europe’s biggest discount carrier will speak to investors on Monday about a potential five-year bond of at least 500 million euros ($592 million), according to a person familiar with the matter, who asked not to be named as they aren’t authorised to speak publicly.
The Irish carrier recently signalled plans for a bond sale as it seeks to pare debt-repayment risks over the next 12 months, as well as positioning itself to profit from the shrinkage or failure of rivals due to virus travel disruptions. Ryanair has 2.45 billion euros of bonds outstanding, including an 850 million euro note coming due in June, according to data compiled by Bloomberg.