21/01/20
The Airline’s public offering of bonds receives international award.
TAP Air Portugal has been honoured with the “European Debt Deal of the Year” award at the Aviation 100 Awards of the British magazine Airline Economics, due to the success of its five-year bonds issue in the amount of 375 million euros, concluded on 2 December 2019. The award was presented this Monday at a ceremony held in Dublin, Ireland.
Airline Economics is one of the aviation industry’s most prestigious publications worldwide and recognises the sector’s best at its annual Aviation 100 Awards, decided through an international vote by industry professionals.
“This award has just reconfirmed the success of what was the first debt operation in the international market in TAP’s history, and reinforces the importance of the transformation strategy in progress.
TAP’s entry into the international capital market and the operation’s success demonstrate the confidence of investors from various countries in TAP and in Portugal,” stated Antonoaldo Neves, TAP CEO.
The success of this bonds issue has enabled the Airline to consolidate TAP’s financial position, extending debt maturity and thus creating the conditions for continuing the transformation strategy that is in progress. Additionally, the rating assigned to TAP by the international agencies Standard & Poor’s and Moody’s, which represents an independent assessment of market credibility and confidence and which placed the Airline within a select group of firms operating in the global aviation market, has been an important driver of the results obtained by the award-winning bonds issue.
TAP Air Portugal has been honoured with the “European Debt Deal of the Year” award at the Aviation 100 Awards of the British magazine Airline Economics, due to the success of its five-year bonds issue in the amount of 375 million euros, concluded on 2 December 2019. The award was presented this Monday at a ceremony held in Dublin, Ireland.
Airline Economics is one of the aviation industry’s most prestigious publications worldwide and recognises the sector’s best at its annual Aviation 100 Awards, decided through an international vote by industry professionals.
“This award has just reconfirmed the success of what was the first debt operation in the international market in TAP’s history, and reinforces the importance of the transformation strategy in progress.
TAP’s entry into the international capital market and the operation’s success demonstrate the confidence of investors from various countries in TAP and in Portugal,” stated Antonoaldo Neves, TAP CEO.
The success of this bonds issue has enabled the Airline to consolidate TAP’s financial position, extending debt maturity and thus creating the conditions for continuing the transformation strategy that is in progress. Additionally, the rating assigned to TAP by the international agencies Standard & Poor’s and Moody’s, which represents an independent assessment of market credibility and confidence and which placed the Airline within a select group of firms operating in the global aviation market, has been an important driver of the results obtained by the award-winning bonds issue.
