The aviation industry continues to draw funds at a sharp pace from markets, as airports and airlines seek to shield their funding at a time that is still affected by the consequences of the Middle East war.
In this environment, Athens International Airport makes its first exit to the bond market in euro, seeking to raise funds through a seven-year benchmark. According to market information, initial pricing discussions move at around 135 basis points above mid-swaps, while publication pricing is expected within the day, writes Bloomberg.
The management of the edition of Athens International Airport has been undertaken as coordinators by Goldman Sachs and Morgan Stanley. AXIA, Bank of America, Deutsche Bank, HSBC, JPMorgan and National Bank are also involved in the consortium.
At the same time, TAP Air Portugal begins contacts with investors to issue a Junk-rated bond of EUR 300 million and a duration of five years. The relevant presentations to investors take place on Wednesday and Thursday.
Athens International Airport and TAP Air Portugal are adding to a record start to the year for transportation by the aviation sector globaly https://t.co/m3FBqBHWK3— Bloomberg (@business) June 17, 2026
The Portuguese government is also in the process of selling 49.9% of TAP. Of this percentage, 5% is intended for workers, while the remainder is considered to be passed to either Air France-KLM or Deutsche Lufthansa. The completion of the process, however, is estimated to take up to another year to obtain the necessary approvals.
Air companies and airport managers have raised more than $10.5 billion through debt issues since the beginning of the year, according to market data. This is the highest level of first-half lending since 2021, when the industry was massively resorting to markets in order to maintain its operation amid the pandemic restrictions.
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