Issue of Debt

RNS Number : 8671N
easyJet PLC
02 February 2016
 

easyJet PLC - issue of debt

 

2 February 2016

 

easyJet announces that it has today priced the issue of EUR500 million 1.75% bonds maturing in 2023. The bonds are expected to be rated Baa1 (stable) by Moody's and BBB+ (stable) by Standard & Poor's and to be issued on 9 February 2016.  

 

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

 

"We are delighted by the success of this issue and by the strong support shown by bond investors in easyJet plc.  The publication of solid investment grade credit ratings and the issue of this inaugural bond underlines the quality of easyJet's business model, the sustained track record of profitable growth and the strength of easyJet's balance sheet.

 

"The bond allows us to access cost effective unsecured funding to support the continued delivery of easyJet's successful strategy of profitable growth."

 

 

For further details, please contact:

Institutional investors and analysts

Stuart Morgan, Investor Relations

07989 665 484

Michael Barker, Investor Relations

07985 890 939

Media:

Paul Moore, Corporate Communications

07860 794 444

Anna Knowles, Corporate Communications

07985 873 313

 

 


This information is provided by RNS
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