Airbus follows €15bn loan with triple tranche bond

Airbus A400M military aircraft from co media gallery 575x375
By Mike Turner
31 Mar 2020

Airbus, the European aircraft manufacturer, opened books for a three tranche bond issue on Tuesday, just over a week after raising €15bn from banks, on the assumption, its CFO said then, that there would be "no issuance in capital markets, such as commercial paper".

The A2/A+ rated company is offering five, eight and 12 year benchmarks at initial price thoughts of 235bp, 255bp and 280bp over mid-swaps. 

The bond comes after Airbus tripled the size of its bank credit line, at a higher cost than it normally pays for such facilities, to ...

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