BERLIN Dec 22 Lufthansa has placed a promissory
note, bringing it 1.2 billion euros ($1.26 billion) in funding
that will be used for general corporate purposes, the airline
group said on Thursday.
The note was issued with maturities of five, seven and 10
years, Lufthansa said in a statement. Around 500 million euros
of the total has already been received, with the remainder to
come in January.
Lufthansa said the transaction proved popular, with a
significant share being bought by Asian investors.
Lufthansa has a rating of BBB- (negative outlook) from S&P,
BBB- (stable outlook) from Scope and Ba1 (positive outlook) from
($1 = 0.9555 euros)
(Reporting by Victoria Bryan; Editing by Maria Sheahan)