Wizz Air flies off with debut euro bond

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By Mariam Meskin
13 Jan 2021

Wizz Air proved on Wednesday that markets are open for even those debut emerging market issuers in affected sectors. The European airline raised a benchmark sized bond in its inaugural euro transaction.

The Hungary-headquartered airline rated Baa3/BBB- by Moody’s and Fitch, made its debut in the euro-denominated bond market on Wednesday.

The Reg S senior unsecured benchmark with a three year tenor will mature in January 2024. Initial price thoughts on Wednesday morning were 1.75% area or 225bp over ...

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