Easyjet readies bonds as strong tailwinds lift travel sector

By Mike Turner
23 Feb 2021

Easyjet, the UK budget airline, has mandated for a seven year euro trade, as the company looks to fly high on the UK government’s plans to travel out of its coronavirus pandemic lockdown.

The borrower, rated Baa2/BBB-, is marketing a seven year euro benchmark transaction, it’s first public bond since the coronavirus pandemic began. The company has hired BNP Paribas, Morgan Stanley and Santander to arrange investor meetings.

“Easyjet and Ryanair are the strongest names that could have come to the market,” ...

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