TUI successfully issued a certificate of indebtedness with tenors of five, seven and ten years including fixed and floating rate tranches. The average tenor of the transaction amounts to 6.4 years. Due to very strong investor demand the initially announced volume of €200 million was significantly oversubscribed and TUI decided to upsize the deal to EUR 425m. The certificate of indebtedness attracted a broad range of domestic and international investors.
The main proceeds of the Group’s general financing, will in particular be used to finance new aircraft. Currently, the Group is renewing and modernizing its Boeing 737 fleet.