Thank you to everyone who believed in the deal of the year

TAP Air Portugal wins two financial market awards

The success of TAP Air Portugal’s bond issues last year generated €575 million in investment from more than 6,000 investors: families and institutions. This success was recognised with two awards that confirm domestic and international investors’ confidence in TAP’s strategic project, the airline’s financial soundness and its credibility in domestic and international financial markets. 

The “European Debt Deal of the Year” accolade, awarded by Airline Economics magazine at the Aviation 100 Awards, recognised the success of TAP Air Portugal’s 5-year bond issue totalling €375 million, which was concluded at the beginning of December 2019. The ceremony took place in Dublin, and the award is the outcome of an international vote taken by industry professionals.

The “Issuer of the Year” accolade was awarded to TAP Air Portugal at the Euronext Lisbon Awards, which considered the airline’s first public bond offering to be Portugal’s best bond operation in 2019, as the operation of greatest importance and visibility on the country’s capital market. In addition, it was also the largest public bond offering by a Corporate Issuer on the Portuguese Capital market since 2012. The award was presented during a ceremony at the Pavilhão do Conhecimento in Lisbon, after evaluation by a jury composed of PSI 20 Committee members.

We wish to thank all those who believed and invested in TAP, and who are now part of our project for the future, together with our employees, customers and shareholders. This recognition of TAP’s soundness provides evidence of everyone’s confidence in the company’s sustainability and strategic project for transformation and growth. A future we are committed to, and which we work to achieve every day.

When TAP takes off, Portugal takes off.