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Satnews Daily
March 26th, 2014

Airbus Group—Financially Speaking, 1 Billion Euros Bond Issue (Business)

[SatNews] Airbus Group (stock exchange symbol: AIR), rated A2 by Moody's and A by Standard & Poor's, successfully priced a new 10-year bond offering denominated in euros on March 25, 2014.

This 1 billion euros transaction is the first bond issue for the newly rebranded “Airbus Group” and marks the return of the company to the euro debt capital markets after almost five years. The offering was very well received by the market and generated orders of around 3.8 billion euros, enabling the Group to benefit from the improved funding conditions currently available in the capital markets. The 2.375 percent coupon was the lowest ever for any of the Group’s bond issuances. Net proceeds from the issue will be used for general corporate purposes.

The transaction followed a well attended pan European Roadshow in London, Frankfurt and Paris. The bond placement was made with around 230 qualified investors, mainly based in France, Germany and the UK. An application has been made for the bonds to be admitted for trading on the Luxembourg Stock Exchange.

In 2013, the Group—comprising Airbus, Airbus Defence and Space and Airbus Helicopters—generated revenues of 59.3 billion euros and employed a workforce of around 144,000. (The legal name change from European Aeronautic Defence and Space Company EADS N.V. (“EADS N.V.”) to Airbus Group N.V. is subject to the approval of the Annual General Meeting).

For further information, please visit the Airbus Group infosite.