Pricing of Debt

RNS Number : 2691B

easyJet PLC

05 June 2019

 

easyJet plc ("easyJet")

Pricing of Debt

05 June 2019

easyJet announces that yesterday it has priced EUR500 million of bonds under its Euro Medium Term Note (EMTN) programme to be issued on 11^th June 2019. The bonds mature in June 2025, have a coupon of 0.875% and are expected to be rated Baa1 (stable) by Moody's and BBB+ (stable) by Standard & Poor's, with over 150 pan European investors participating in the issue.

Commenting on the issue, Andrew Findlay, Chief Financial Officer, said:

"We are pleased with the success of this bond issue. The interest shown by investors at 3.4x oversubscription and competitive pricing underscores the market's confidence in easyJet's strategy of long-term profitable growth and industry leading balance sheet strength."

For further details, please contact:

Institutional investors and analysts:

Stuart Morgan, Investor Relations

07989 665 484

Media:

Anna Knowles, Corporate Communications	07985 873 313
Dorothy Burwell/Edward Simpkins, Finsbury	020 7251 3801

 

END

 

 

IODBSGDLSGGBGCU