TUI Completes Bond Offering

TUI Travel plc has completed a 400 million pound convertible bond offering, paying 4.9 percent and due in 2017. According to TU, the net proceeds will allow the group to what the prospects called “its strong pipeline of attractive acquisition opportunities and diversify its debt maturity profile and broaden its sources of finance.”

The group is one of the world’s largest travel companies, operating in more than 180 countries with more than 30 million customers a year, and posted revenues of 13.8 billion pounds for its 2009 fiscal year, ended Sept. 30, 2009. Among its some 200 brands is Thomson Cruises.

Cruise Industry News Email Alerts

 

EMAIL NEWSLETTER

Get the latest breaking cruise newsSign up.

CRUISE SHIP ORDERBOOK

93 Ships | 229,512 Berths | $90 Billion | View

Drydock Report

Highlights:

  • Full Overview
  • Record Refit Year
  • 26-27-28 Schedule
  • PDF Download
  • Order Today
2026 Executive Guide

Highlights:

  • All Brands
  • Decision Makers
  • Contact Info
  • Brand Background 
  • Instant Download
  • Order Today