Alitalia to issue € 375m bond with a five-year maturity

Published on : Wednesday, July 15, 2015

alitaliaAlitalia – SAI SpA will issue a senior unsecured bond for a total nominal amount of 375 million euros. The bond, not subject to rating, will be fully underwritten by Morgan Stanley in its role as Sole Underwriter.

 

 

The bond will be issued with notes denomination of € 100,000, a term of five years and a fixed annual coupon of 5.25%.

 

 

The issue date of the bond has been set for 30 July 2015. On or about the issue date, the bond are intended to be listed on the Official List of the Irish Stock Exchange.

 

 

This is the first issue of a bond in the capital market since Alitalia SAI commenced operations on 1 January 2015. It provides greater financial flexibility and effective alternative sources of financing to support the development projects of the company.

 

 

The placement is intended for qualified institutional investors.

CEO of Alitalia, Silvano Cassano, said: “This issue is an important sign of the confidence of the financial markets. It also demonstrates the credibility of our project at a time when Alitalia is engaged in an ambitious turnaround plan which covers fleet renewal, the development of new intercontinental routes, the renewal of the technological infrastructure and new plans for staff training.”
Source: Alitalia.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 AIME 2018 BB
  • 02 WTM 2017
  • 03 EMITT 2018
  • 04 AIME-2018 small
  • 05 iitmindia 2017
  • 06 imtm 2018
  • 06 TTF-Surat 2017
  • 07 balttour 2018
  • 08 OTM 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com