IFLR1000

TAP €200 million 4,375% bond issue

28/6/2019
Investment grade bond/note issue
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€ 200 million

$ 225.99 million

Completed

28/6/2019

Overview:

  • Portuguese airline company TAP has issued a €200 million bond.
  • The notes have an interest rate of 4.375% and a term of four years.
  • TAP 2019-2023 bonds are the largest public offer underwriting of bonds by a corporate issuer in the Portuguese capital market since 2012.

Laura Mendes - Researcher

Jurisdiction:

Portugal

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Portugal

Industry sector:

Aviation

Firms:
PLMJ

Party: TAP SGPS (Issuer)

Lawyers: Bruno Ferreira, Raquel Azevedo

VdA Vieira de Almeida

Party: Haitong Bank (Global coordinator)

Party: Bankinter (Placing agent)

Party: Caixa Geral de Depósitos (Placing agent)

Party: Millenium BCP (Placing agent)

Party: Novo Banco (Placing agent)

Party: Activo Bank (Placing agent)

Party: Banco Best (Placing agent)

Party: Banco Carregosa (Placing agent)

Party: Caixa BI (Placing agent)

Party: CCAM (Placing agent)

Lawyers: Benedita Lima Aires, Hugo Moredo Santos

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