Wizz Air flies off with debut euro bond

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial