TUI AG announces 300M euro green bond placement

Monday, February 26, 2024

TUI AG has launched a placement of sustainability-linked senior notes worth 300 million euros, with a five-year tenor. The coupon of the notes is tied to achieving a sustainability target, specifically reducing TUI group’s Airlines CO2e-emissions per Revenue Passenger Kilometer by at least 11% by the end by the end of the financial year ending on September 30, 2026, compared to the financial year that ended on September 30, 2019.

The proceeds from the issuance will be used to repay existing liabilities, reduce the KfW credit line, and cover expenses associated with the bond. The notes will be issued under TUI AG’s Sustainability-Linked Finance Framework, available on the company’s website.

The notes’ placement started today, and pricing is anticipated to be finalized in the upcoming days, although completion is not assured.

Please note the important notice regarding the distribution, publication, and release of this press release, as well as regulatory considerations related to the offering. Additionally, forward-looking statements are included, emphasizing the risks and uncertainties involved.

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