Bond Information
Strong fundamentals - solidity for bondholders
Dufry has a well-established presence in the senior notes market. This issuance of bonds has been an important source of financing for the company.
Listed Debt Instruments
| Senior Notes | ||
|---|---|---|
| Issuance Date | 24/10/2017 | 28/07/2015 |
| Total Amount | EUR 800 million | EUR 700 million |
| Number of series | 1 serie | 1 serie |
| Types | RegS | RegS / 144A |
| ISIN Code | XS1699848914 | XS1266592457/ XS1266592705 |
| Listing Location | The International Stock Exchange ("TISE") | Dublin, Ireland |
| Currency | EUR | EUR |
| Guarantee | Unsecured | Unsecured |
| Interest Rate | 2.5% p.a., paid semi-annually (in arrears) | 4.5% p.a., paid semi-annually (in arrears) |
| Maturity | 15/10/2024 | 01/08/2023 |
Net Debt Evolution
Deleveraging remains a focus point for Dufry. Strong reduction of net debt in 2017.
Debt maturity profile
Dufry’s financing is comprised of a combination of bank loans and bonds.
Debt by currency
Dufry has a well balanced debt structure, matching cash flows.
Ratings
| Agency | Rating | Outlook | Download Report |
|---|---|---|---|
| Moody's | Ba2 | Stable | Rating May 15 2017 |
| S&P | BB | Stable | Rating March 31 2017 |
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