Wizz Air raises €500 million in bond sale; fast recovery expected

2 weeks ago Cyprus Mail CyprusMail Warm

Wizz Air raises €500 million in bond sale; fast...

Wizz Air sold €500 million in three-year bonds at an interest rate of just 1.35 per cent on Wednesday.

The sale was oversubscribed with more than €2 billion in orders from investors. Wizz Air plans to raise €3 billion in its euro medium-term note programme, which has been rated ‘BBB-‘ by credit agency Fitch Ratings. This is the same rating as that of the company itself, according to Fitch.

BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions...

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Wizz Air raises €500 million in bond sale; fast recovery expected

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