Fraport uses favourable capital market conditions to increase its financial scope

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Frankfurt, October 31, 2014 (STAT):-Taking advantage of the favorable conditions currently available in the capital market, Fraport AG has secured further long-term financing by issuing a promissory note – running for a seven-year term and at a coupon rate of 1.436 percent. The placement was supported by a consortium of banks comprising Bayerische Landesbank, DZ Bank AG, Deutsche Zentral-Genossenschaftsbank, Landesbank Hessen-Thüringen, as well as HSBC Trinkaus & Burkhardt AG. Originally set at a volume of 200 million euros, the Fraport note was more than three times oversubscribed. The order book closed ahead of schedule, just one week after the announcement of the issue. This strong demand allowed Fraport to increase the total issue volume to 350 million euros, thus making it one Germany’s largest placements of promissory notes this year to date. The risk premium of 0.7 percent above the reference interest rate was significantly lower than the premium for Fraport’s last issue in 2012.

Fraport AG’s executive board member for finance (CFO), Dr. Matthias Zieschang, commented on the successful offering: “We are delighted by the strong investor interest and confidence in our company. The additional funds generated will increase our strategic liquidity reserves and provide management with further scope for projects such as the continued expansion of Fraport’s international portfolio.” As owner and manager of Frankfurt Airport (FRA), Fraport AG operates one of the largest transportation hubs in the world and is also active at 10 other airports on four continents – including Lima (LIM) in Peru, Xi’an (XIY) in China, and Antalya (AYT) in Turkey. In 2014, Fraport has already expanded its portfolio twice by acquiring U.S.-based Airmall Group (which markets retail space at North American airports) and by winning the bid for a majority stake in Aerodrom Ljubljana, the operating company that runs Ljubljana Airport (LJU) in Slovenia.

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