European aerospace giant Airbus has returned to Europe’s debt capital markets after a five year hiatus, raising €1bn (US$1.38bn) through a new bond issue.
Via its EADS Finance subsidiary, Airbus sold the senior notes due April 2024 with a coupon of…
European aerospace giant Airbus has returned to Europe’s debt capital markets after a five year hiatus, raising €1bn (US$1.38bn) through a new bond issue.
Via its EADS Finance subsidiary, Airbus sold the senior notes due April 2024 with a coupon of 2.375%.
The coupon is the lowest ever for any of the group’s bond issuances, and priced at 99.833 to yield 2.39%.
Airbus said the offering was substantially oversubscribed with the order book reaching €3.8bn. The majority of investors came from France, Germany and the UK.
BNP Paribas, Deutsche Bank, HSBC, Commerzbank, Goldman Sachs, Natixis, Unicredit and Societe Generale were bookrunning managers on the financing.
Net proceeds from the issue will be used for general corporate purposes, including refinancing its existing debt.
Airbus was last in the market in April 2013 when it completed its inaugural US bond placement, raising US$1bn through 10-year 2.70% senior notes.
