Ryanair €850m bond sale attracts €4.4bn orders

Ryanair said on Tuesday it issued a five- year €850 million Eurobond at a fixed coupon of 2.875%. 

The bond sale was multiple times oversubscribed with lead managers saying investors put in €4.4 billion worth of orders.

Ryanair said it is rated BBB by both S&P and Fitch Ratings. 

“The bond will be listed on the Irish Stock Exchange (Euronext) which offers access to both Europe and the rest of the world,” said Ryanair.  

The joint bookrunners were Barclays, BNP Paribas and Citigroup.

Ryanair CFO Neil Sorahan said: “We are pleased to have accessed the unsecured Eurobond markets again. 

“This €850m transaction, which follows Ryanair’s successful €400m share placing last week, was multiple times oversubscribed and was keenly priced at a coupon of 2.875%.”