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FRANKFURT Lufthansa is returning to the free capital market with full thrust: investors now are eager to buy a new bond issued by the airline for one billion euros. The Group has covered its financial liabilities for 2021 - and for the time being, does not intend to sell any more aircraft in its fleet.

Lufthansa issued an unsecured bond for one billion euros last week on Tuesday. "After successful investor talks the day before, the bond with a term of 5.5 years was sold" the airline announced. The bond returns a moderate interest rate of 3.0 percent.


The transaction follows the placement of a 600 million Euro convertible bond on November 10. In view of the successful return to the capital market, Lufthansa is currently not planning any further sale-and-lease-back transactions in its fleet, said Lufthansa spokesman Helmut Tolksdorf to the German news portal aero.de.


Lufthansa CEO Carsten Spohr had put 496 aircraft on display in the summer for deals with leasing companies. But so far Lufthansa has only sold and leased back one Airbus A350-900 to investors. Negotiations for a 777F are currently underway, the spokesman said.#

Via (aero.de)

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