Wizz Air Issues EUR 500m debut bond

posted on 14th January 2021 by Eddie Saunders
Wizz Air Issues EUR 500m debut bond

Wizz Air Holdings Plc, the fastest growing and greenest European low-cost airline, has announced the pricing of its debut bond offering of EUR 500m 1.35% notes due in 2024. The offering is expected to close on 19 January 2021 subject to customary conditions. The bond offering was executed within the framework of the Euro Medium Term Note Programme previously announced by the Company on 5 August 2020.

Taking advantage of a strong underlying financing market and highly attractive pricing, Wizz Air intends to use the proceeds to further strengthen its leading liquidity position. Wizz Air is rated BBB- by Fitch and Baa3 by Moody’s. The offering was multiple times oversubscribed.

The Joint Bookrunners were Barclays, BNP Paribas, Citigroup and J.P. Morgan.


József Váradi, Wizz Air Chief Executive commented: “We are pleased to announce our debut bond offering which demonstrates Wizz Air’s access to alternative financing markets at highly attractive pricing. The proceeds will further strengthen Wizz Air’s already excellent liquidity position providing continued flexibility to respond to growth opportunities, as well as providing additional financial resilience.”

Wizz Air will announce its Q3 results for the three months ending 31 December 2020 on 28 January 2021.