White & Case advises Deutsche Lufthansa on EUR500m hybrid bond issuance
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Background ✨
Deutsche Lufthansa AG issued a EUR500 million hybrid bond on 08-Jan-2025, following the early refinancing of a similar hybrid bond from 20151. The transaction was facilitated by favourable market conditions and strong investor demand, resulting in highly competitive financing terms1. This issuance was part of Lufthansa's broader strategy to manage its financial liabilities and capital structure amid ongoing European Commission scrutiny of state aid measures granted during the COVID-19 pandemic2.