Ryanair says debut bond issue to slash financing costs

DUBLIN, June 10 Tue Jun 10, 2014 12:33pm EDT

DUBLIN, June 10 (Reuters) - Ryanair :

* CFO says unlikely to hold more than one bond issuance per year, timing of next issue not set

* says expects to finance more than 50 percent of current Boeing plane order through bond issuances, subject to market conditions

* Says sees low cost of funding on bond market as 'significant competitive advantage'

(Reporting by Conor Humphries)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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