Lufthansa to Buy Back 2025 Convertible Bonds

Priyal Dutta10 months Ago1 Mins read586

Lufthansa to Buy Back 2025 Convertible Bonds

The Company has accepted EUR 300 million for repurchase, representing 50% of the outstanding bonds.

Lufthansa Repurchases EUR 300 Million of 2025 Convertible Bonds

Deutsche Lufthansa Aktiengesellschaft (referred to as “the Company”) has announced the results of its cash tender offer, known as the “Repurchase Invitation.” This offer is for the repurchase of up to EUR 300 million of its outstanding 2.00% convertible bonds due in 2025 (ISIN: DE000A3H2UK7), which have a total outstanding principal amount of EUR 600 million.

The repurchase price was set at 100.6% of the principal amount (EUR 100,600 per bond). In addition, the Company will pay accrued interest on the purchased bonds up to, but not including, the settlement date.

The Company has accepted EUR 300 million for repurchase, representing 50% of the outstanding bonds. The transaction will be funded with proceeds from the placement of EUR 600 million convertible bonds due 2032, announced on the previous day.

After settlement, EUR 300 million of the 2025 bonds will remain in circulation. Settlement of the repurchase is expected on 11 September 2025.

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Priyal Dutta

I create compelling stories that showcase the travel, hospitality, and lifestyle industries. At Safari India, I explore industry trends, write insightful articles, and produce content that informs and engages readers. With a talent for storytelling and a strategic approach, I strive to inform, inspire, and spark meaningful conversations through my work.