Low-cost carrier Wizz Air has issued a second €500 million bond offering to support its planned expansion across Europe.
In an update to the London Stock Exchange, the airline said the offering is expected to close on January 19 and that it is “taking advantage of robust financing markets and very attractive pricing”.
The bond was sold at an interest rate of 1% and was “multiple times oversubscribed”, said the airline.
A year ago, Wizz Air secured €500 million via its first bond offering, which was sold at an interest rate of 1.35%.
József Váradi, Wizz Air Group chief executive, said: “We are pleased to announce our second bond offering at even more attractive pricing levels compared to our debut offering last year.
“The proceeds will further support Wizz Air as it scales-up to become an even stronger low-cost player in the coming years.”
Wizz Air is due to announce its Q3 results for the three months ending 31 December 31, 2021, on January 26.