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Planemaker Airbus places $1.5 billion in U.S. dollar bonds
April 6, 2017 / 7:15 AM / 8 months ago

Planemaker Airbus places $1.5 billion in U.S. dollar bonds

PARIS, April 6 (Reuters) - European planemaker Airbus on Thursday said that it had placed a total of $1.5 billion in U.S. dollar bonds, as companies look to take advantage of low interest rates to raise funds from capital markets.

Airbus said it had sold $750 million in U.S. dollar bonds with a 30-year maturity and a fixed coupon of 3.950 percent in a private placement, and had also placed a further $750 million in U.S. dollar bonds with a 10-year maturity and a fixed coupon of 3.150 percent.

The company said it would use the proceeds for general corporate purposes.

In February, Airbus reported lower 2016 core earnings and unveiled a new 1.2 billion euros ($1.28 billion) charge for its A400M military aircraft programme. ($1 = 0.9391 euros) (Reporting by Sudip Kar-Gupta; Editing by Sarah White)

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