February 2, 2016 / 9:26 AM / 2 years ago

EasyJet opens books on first ever bond issue

LONDON, Feb 2 (IFR) - Low budget airline EasyJet has started marketing its first ever bond issue, a 500m maximum seven-year transaction according to a source.

Lead managers Bank of America Merrill Lynch, Barclays and Societe Generale have set initial price thoughts at 165bp to 170bp over mid-swaps.

EasyJet is rated Baa1/BBB+. The transaction will be priced later on Tuesday subject to market conditions. (Reporting by Helene Durand, editing by Robert Smith)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below