EADS taps bond market

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Airbus parent company EADS is tapping the US institutional market for the first time with a $1 billion bond, carrying a fixed coupon of 2.7%.

The launch is expected to occur on 17 April, 2013, according to EADS.

The proceeds from the offering, which have a 10-year maturity, will be used for general corporate purposes.

EADS says the financing will allow it to diversify its funding sources and access one of the largest and most liquid markets in the world.