Ryanair Eyes Euro Bond in Test of Virus Impact on Airline Debt
- Carrier holds call about five-year bond ahead of 2021 maturity
- Airline has held onto high-grade ratings unlike Lufthansa, IAG
Tail-fins of passenger aircraft bearing the Ryanair livery stand on the tarmac at London Stansted Airport.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
Ryanair Holdings Plc is readying its first euro-bond sale since 2017, testing investor appetite for high-grade airline debt amid coronavirus travel upheavals.
Europe’s biggest discount carrier will speak to investors on Monday about a potential five-year bond of at least 500 million euros ($592 million), according to a person familiar with the matter, who asked not to be named as they aren’t authorized to speak publicly. Chief Financial Officer Neil Sorahan will lead the call.