EasyJet lands blowout trade but travel sector still facing turbulence

By Mike Turner
25 Feb 2021

EasyJet, the UK budget airline, avoided any turbulence on its return to the bond market on Wednesday, managing to land a €1.2bn deal with no new issue premium that was almost five times oversubscribed.

But the jubilation found in the primary bond markets is tempered by the reality of restarting the travel industry, a herculean task made even more uncertain by the threat of a third wave of virus deaths in Europe.

EasyJet, rated Baa2/BBB- and printing through its Dutch subsidiary, opened ...

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