reports
Moody's Ratings upgrades IAG's ratings to Investment Grade (Baa3); out...
Moody's Ratings (Moody's) has today upgraded the senior unsecured ratings of International Consolidated Airlines Group, S.A. (IAG or the company) to Baa3 from Ba2. Concurrently, the rating agency assigned a Baa3 long-term issuer rating to the company and withdrew its Ba1 corporate family rating (CFR...
Holding(s) in Company
easyJet plc (EZJ) Holding(s) in Company 15-May-2024 / 11:00 GMT/BST TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00B7KR2P84 Issuer Name EASYJET PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of financial instruments 3. Details of person subject to the notification obligation Name Bank of America Corporation City of registered office (if applicable) Country of registered office (if applicable) US 4. Details of the shareholder Full name of shar...
Air France-KLM announces the successful issuance of new bonds for a to...
Air France-KLM announces the successful issuance of new bonds for a total aggregate amount of €650 million Paris, 14 May 2024 Air France-KLM announces the successful issuance of new bonds for a total aggregate amount of €650 million Air France-KLM (the “Company”) has successfully placed new bonds today, for a total nominal amount of €650 million with a 5-year maturity and a coupon of 4.625% (the “New Notes”) under its Euro 4,500,000,000 Euro Medium Term Note Programme. The New Notes are expected to be rated BBB- by Fitch and BB+ by S&P. Strong investor demand, with an orderbook above €...
- Carole Braudeau
- Stephane Beyazian
- Stephane Beyazian
- Carole Braudeau
Morning Crédit 14/05/2024
Iliad abonde les obligations Iliad Holding 2031 à hauteur de 150 m EUR et 200 m USD Grifols : S&P confirme le rating corporate B avec une perspective stable (vs. B/cw negative) Delivery Hero : cession de foodpanda à Uber pour 950 m USD + augmentation de capital réservée de 300 m USD>...
- Ana Arjona-Martinez
- Yan Derocles
Fraport : Q1 results above at Frankfurt airport, while international b...
>Good results at Frankfurt airport; international below once adjusted for one-offs - Fraport’s Q1 2024 results, once adjusted for one-offs (+€ 28m in Greece), were in line with our estimates, with a beat at Frankfurt airport driven by the aviation division offset by an underperformance in the international division: total adj. EBITDA of € 185m vs € 185m ODDO BHFe and € 186m for the consensus. But results at Frankfurt airport, more important from a valuation perspectiv...
Director/PDMR Shareholding
easyJet plc (EZJ) Director/PDMR Shareholding 13-May-2024 / 14:00 GMT/BST easyJet plc (the “Company”) Director/PDMR Shareholding 13 May 2024 On 13 May 2024 the Company was notified by Equiniti Share Plan Trustees Limited (the "Trustee"), as the Trustee of the easyJet plc Share Incentive Plan (the "Plan"), that on 10 May 2024 it had purchased ordinary shares of 27 2/7 pence each in the Company on behalf of the persons discharging managerial responsibility set out in the table below. The Plan is an HM Revenue and Customs approved plan under which employees in the UK are...
Holding(s) in Company
easyJet plc (EZJ) Holding(s) in Company 13-May-2024 / 13:00 GMT/BST TR-1: Standard form for notification of major holdings 1. Issuer Details ISIN GB00B7KR2P84 Issuer Name EASYJET PLC UK or Non-UK Issuer UK 2. Reason for Notification An acquisition or disposal of voting rights 3. Details of person subject to the notification obligation Name Bank of America Corporation City of registered office (if applicable) Country of registered office (if applicable) US 4. Details of the shareholder Full name of shareholder(...
- Carole Braudeau
- Carole Braudeau
Air France-KLM announces the launch of a tender offer to repurchase tw...
Air France-KLM announces the launch of a tender offer to repurchase two series of existing notes and its intention to issue new notes Paris, May 13, 2024 Air France-KLM announces the launch of a tender offer to repurchase two series of existing notes and its intention to issue new notes Air France-KLM (the “Company”) (Euronext Paris: FR0000031122) rated BBB- by Fitch and BB+ by S&P, announces today the launch of a tender offer to repurchase the following two series of existing notes in cash: €750,000,000 1.875 per cent notes due 16 Januar...
Air France-KLM annonce le lancement d’une offre de rachat sur 2 souche...
Air France-KLM annonce le lancement d’une offre de rachat sur 2 souches obligataires existantes et son intention de procéder à une nouvelle émission obligataire Paris, le 13 mai 2024 Air France-KLM annonce le lancement d’une offre de rachat sur 2 souches obligataires existantes et son intention de procéder à une nouvelle émission obligataire Air France-KLM (la « Société ») (Euronext Paris: FR0000031122) notée BBB- par Fitch et BB+ par S&P, annonce aujourd’hui le lancement d’une offre de rachat en numéraire portant sur les deux souches obligataires existantes suivantes : les obligations ...
Air France-KLM repaid remaining €48 million of OCEANE 2026 bonds
Air France-KLM repaid remaining €48 million of OCEANE 2026 bonds Paris, May 13, 2024 Air France-KLM repaid remaining €48 million of OCEANE 2026 bonds Air France-KLM announces today that it has fully repaid in cash c. €48 million of nominal value of the remaining outstanding convertible bonds due March 25, 2026 (the “OCEANE 2026”, ISIN FR0013410628), using the company’s option for early redemption (“Clean Up Call Option”, part of the terms and conditions of the bonds). This residual redemption amount is equivalent to 2,654,942 of bonds and the number of potential dilutive shares linked t...
Air France-KLM a remboursé les 48 millions d'euros restants d'OCEANE à...
Air France-KLM a remboursé les 48 millions d'euros restants d'OCEANE à échéance 2026 Paris, le 13 mai 2024 Air France-KLM a remboursé les 48 millions d'euros restants d'OCEANE à échéance 2026 Air France-KLM annonce aujourd'hui avoir remboursé en numéraire environ 48 millions d'euros de valeur nominale des obligations convertibles dont l’échéance est le 25 mars 2026 (les " OCEANE 2026 ", ISIN FR0013410628), en utilisant l'option de remboursement anticipé de la compagnie (" Clean Up Call Option ", qui fait partie des termes et conditions des obligations). Ce montant résiduel de rembourseme...
- Rafael Bonardell
- Louis Boujard
- CFA
- Philippe Ourpatian
- Louis Boujard
- CFA
- Philippe Ourpatian
- Olfa Taamallah
- Yan Derocles
IAG : A good start to the year
>Q1 2024 slightly above expectations - IAG has just released its Q1 2024 results, slightly above estimates. Operating profit before exceptional items was reported at € 68m (€ 9m in Q1 2023), compared to the consensus (complied by company) estimate of € 48m, on sales of € 6,429m leading to a margin of 1.1% (0.2% in Q1 2024). This performance was mainly driven by passenger unit revenue for the year up 4.4% y-o-y (vs our estimate of +2.1%e) on capacity up 7% including ...
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