Ryanair has listed a €850m euro bond on the Irish Stock Exchange (ISE). The debt instrument, due 2023, has a fixed coupon rate of 1.125% and is listed on the Main Securities Market (MSM).
This debt issuance is part of Ryanair’s euro MTN programme worth €3 billion. This is its second successful raising of funds from international bond investors following an initial tranche of €850m debt raised in June 2014. The funds are being used by the low cost airline to finance its aircraft.
Ryanair is headquartered in Dublin and floated its shares on the Irish Stock Exchange in 1997. Ryanair’s equity market capitalisation on 12 March 2015 was €15.1bn.