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Share Price: 590.50

Bid: 585.50

Ask: 586.50

Change: 17.00 (2.96%)

Spread: 1.00 (0.171%)

Open: 577.00

High: 606.00

Low: 573.00

Prev. Close: 573.50

Last checked at -

IN BRIEF: Tui upsizes bond issue with tap offering

Mon, 28th Jun 2021 21:19

Tui AG - Hanover-based holiday firm - Upsizes April bond issue. Launches tap offering of senior unsecured convertible bonds due 2028 in total principal amount of up to EUR190 million. "Tui intends to use the proceeds from the Offering for refinancing in particular to further reduce drawings under the KfW facilities and towards a subsequent repayment of such facilities," company explains. In April, Tui issued EUR400 million convertible bonds.

Current stock price: 384.10 pence, down 5.3% on Monday

Year-to-date change: up 34%

By Eric Cunha; ericcunha@alliancenews.com

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