TUI AG Announces Offering Of Senior Convertible Bonds - Quick Facts

TUI AG (TUIFF.PK) launched an offering of senior unsecured bonds convertible due 2028 in an aggregate principal amount of approximately 350 million euros with the option to increase the issuance volume to 400 million euros. Settlement is anticipated to take place on or around 16 April 2021. TUI intends to apply for the Convertible Bonds to be included to trading on the unregulated Open Market Segment of the Frankfurt Stock Exchange.

The company plans to use the proceeds from the offering to further improve its liquidity position.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved Boehringer Ingelheim Pharmaceuticals, Inc.'s Pradaxa (dabigatran etexilate) oral blood thinning medication for children. Pradaxa is the first FDA-approved blood thinning medication that children can take by mouth. The only other approved blood thinning medication for children is given by injection. Amazon.com Inc.'s two-day Prime Day event is happening now with more than 2 million deals on offer. The e-commerce giant's biggest shopping extravaganza of the year started June 21 at 3 a.m. EDT and runs for 48 hours, through June 22. Prime Day 2021 will feature the largest number of deals ever offered in the seven year history of the Prime Day Celebrations. New deals are being launched throughout The European Commission announced Tuesday that it has opened a formal antitrust investigation to assess whether Google has violated EU competition rules by favoring its own online display advertising technology services in the so called "ad tech" supply chain, to the detriment of competing providers...
Follow RTT