Greece-based Aegean Airlines, the country’s private national carrier, on Friday set a yield range for a seven-year bond of up to 250 million euros at between 3.70% and 4.05%.
A minimum subscription of 200 million euros is required for the issuance to proceed.
The public offering will commence on Monday (June 30) and continue until Wednesday, July 2, 2025.
The company, in its prospectus for the offering, said 50%, or approximately 121.9 million euros, if the maximum amount is reached, will be used until March 12, 2026, to repay a portion of a common bond loan issued in 2019 CTO. The remaining amount for the repayment of the same loan will be financed through existing available funds.
Some 17%, or approximately 41.5 million euros, will be used until the end of 2028 to finance the acquisition of new aircraft and aircraft engines, while 33%, or approximately 80.5 million euros, will be available until December 31, 2026 to meet the carrier’s working capital needs.
Source: tovima.com
