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Lufthansa issues 1.2 bln eur promissory note
December 22, 2016 / 10:51 AM / a year ago

Lufthansa issues 1.2 bln eur promissory note

BERLIN, Dec 22 (Reuters) - 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 Moody‘s.

$1 = 0.9555 euros Reporting by Victoria Bryan; Editing by Maria Sheahan

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