Ryanair Holdings Plc (LON:RYA) announced that has listed a €750 million bond on the Irish Stock Exchange (ISE). The bond, due 2023, has a fixed coupon rate of 1.125% and is listed on the Main Securities Market (MSM).
The listing is the third in a series of debt issuances from Ryanair’s €3 billion Euro Medium Term Note Programme. Ryanair, which is headquartered in Dublin, has its primary equity listing on the Irish Stock Exchange and has a market capitalisation €18.3 billion (16 February 2017). The airline carries 119 million people each year on more than 1,800 flights from 86 bases.
Ryanair joins a number of aviation issuers listing debt on the ISE’s international bond markets including Alitalia, Iberia, British Airways and Emirates. Ireland is considered the leading centre globally for international aviation with over 50% of aircraft leasing worldwide led by companies based in Ireland.
Final terms of the listing can be seen here.