Lufthansa has successfully priced its new 30NC6 bond at par, offering a yield of 5.25%. This compares to the IPT of 5.75% area, and guidance of 5.375% area. The pricing is in line with our fair value of 5.25%, which provides investor with a premium of around 170bps over the existing senior notes. We are therefore starting the coverage of the new hybrid with a Buy recommendation.
Lufthansa has successfully priced its new 30NC6 bond at par, offering a yield of 5.25%. This compares to the IPT of 5.75% area, and guidance of 5.375% area. The pricing is in line with our fair value of 5.25%, which provides investor with a premium of around 170bps over the existing senior notes. We are therefore starting the coverage of the new hybrid with a Buy recommendation.
Moody's Ratings (Moody's) has today assigned a Ba1 long-term subordinated rating to the proposed subordinated hybrid note (the Hybrid) to be issued by Deutsche Lufthansa Aktiengesellschaft (Deutsche Lufthansa). Deutsche Lufthansa's existing ratings and its stable outlook remain unaffected. RATINGS...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Deutsche Lufthansa Aktiengesellschaft and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 18 December 2024 in which we reassessed the appropriateness of the ra...
Afflelou: topflight first quarter, leverage below 5x|Fnac Darty: € 109m fine from France's competition authority, slightly higher than the provision.|Maxeda: a better Q3, € 13m bond buyback|Eutelsat Group: S&P cuts the corporate rating to B-/stable from B-/stable|Atos compltes its financial restructuring, S&P raises the corporate rating to B-/stable from SD|
Afflelou : un très bon premier trimestre, levier en-dessous de 5x|Fnac Darty : amende de 109 m EUR de l’Autorité de la concurrence, un peu supérieure à la provision|Maxeda : un meilleur T3, rachat de 13 m EUR d’obligations|Eutelsat Group : S&P degrade le rating corporate de B/stable à B-/stable|Atos finalise sa restructuration financière, S&P relève le rating corporate de SD à B-/stable|
Elis continues the consolidation of its network with the acquisition of Ernst in Germany Elis continues the consolidation of its network with the acquisition of Ernst in Germany Saint-Cloud, 19 December 2024 – Elis, the global leader in circular services at work, today announces the acquisition of 100% of Wäscherei Ernst Gmbh (« Ernst ») in Germany. With its two laundries located in Erbach, in the Baden-Württemberg region, Ernst services the entire Southern region of Germany as well as Northwest Austria. The Group, which delivered c. €17 million revenue in 2023, offers rental-maintenance ...
A director at Elis bought 598,116 shares at 19.144EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
Elis: Disclosure of the number of shares forming the capital and of the total number of voting rights as of 30 11 2024 DECLARATION DU NOMBRE D’ACTIONS COMPOSANT LE CAPITALET DU NOMBRE TOTAL DE DROITS DE VOTE AU 30 NOVEMBRE 2024 Article L. 233-8-II du Code de CommerceArticle 223-16 du Règlement général de l’AMF Nombre d’actions composant le capital social 236 664 445 Nombre de droits de vote théoriques 269 854 742 Nombre de droits de vote exerçables 269 654 788 Cette déclaration est en ligne sur le site internet d’Elis DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CA...
Elis : Déclaration du nombre d'actions composant le capital et du nombre total de droits de vote au 30 11 2024 DECLARATION DU NOMBRE D’ACTIONS COMPOSANT LE CAPITALET DU NOMBRE TOTAL DE DROITS DE VOTE AU 30 NOVEMBRE 2024 Article L. 233-8-II du Code de CommerceArticle 223-16 du Règlement général de l’AMF Nombre d’actions composant le capital social236 664 445Nombre de droits de vote théoriques269 854 742Nombre de droits de vote exerçables269 654 788 Cette déclaration est en ligne sur le site internet d’Elis DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITALAND OF THE TOTAL NUMBER OF VO...
After a Q3 marked by lower profitability mainly from external factors and difficult conditions in certain regions, we expect European airlines to deliver a rather good Q4. This comes amid yield stabilization, better load factors, and continued good demand as stated by the different airlines managers. Looking into 2025, while new headwinds are at sight (i.e. higher taxes), profitability should improve thanks to continued good demand and cost saving initiatives launched to readdress the operating ...
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