TUI Cruises debuts in high yield market

By Silas Brown
04 May 2021

German cruise liner Tui Cruises is marketing its first high yield bond, as it emerges from a devastating year for the company and the broader travel sector.

JP Morgan, left lead, is joined by BNP Paribas as joint global coordinator. Citi, Commerzbank, Credit Agricole, DZ Bank and Unicredit are joint bookrunners. There was a global investor call at mid-day on Tuesday.

The company is looking for €300m of five year unsecured debt to raise cash to ...

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