• TUI Group to lift €350m in recent capital | Information

    TUI Group has revealed plans to lift at the very least €350 million in recent funding as the corporate seeks as to whether the continuing influence from the Covid-19 pandemic. The brand new senior unsecured bonds will fall due in 2028. TUI intends to make use of the money to additional enhance its liquidity place because the Covid-19 disaster continues and subsequently for the compensation of present financing devices. The corporate mentioned the providing might go as excessive as €400 million. The bonds, with a denomination of €100,000 every, can be issued at 100 per cent of their principal quantity. Except beforehand transformed, redeemed or repurchased and cancelled, the bonds…