MTU Aero Engines monetises bull run with €515m convert

MTU Aero Engines_alamy_230x150
By Aidan Gregory
10 Sep 2019

MTU Aero Engines, the German maker of aircraft engines, has issued a €515m convertible bond before being promoted to Germany’s Dax benchmark index later this month.

MTU’s deal comes after more than €2bn of new convertible or exchangeable bonds were issued in Europe last week. 

Market sources had predicted that, after the summer, there would be a rush of new issues, due to pent-up demand from investors and many looming redemptions of existing bonds.

Edenred, ...

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