easyJet plc ("easyJet")
Pricing of Debt
05 June 2019
easyJet announces that yesterday it has priced EUR500 million of bonds under its Euro Medium Term Note (EMTN) programme to be issued on 11th June 2019. The bonds mature in June 2025, have a coupon of 0.875% and are expected to be rated Baa1 (stable) by Moody's and BBB+ (stable) by Standard & Poor's, with over 150 pan European investors participating in the issue.
Commenting on the issue, Andrew Findlay, Chief Financial Officer, said:
"We are pleased with the success of this bond issue. The interest shown by investors at 3.4x oversubscription and competitive pricing underscores the market's confidence in easyJet's strategy of long-term profitable growth and industry leading balance sheet strength."
For further details, please contact:
Institutional investors and analysts:
|
Stuart Morgan, Investor Relations |
07989 665 484 |
Media:
|
Anna Knowles, Corporate Communications |
07985 873 313 |
|
Dorothy Burwell/Edward Simpkins, Finsbury |
020 7251 3801 |
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