Ryanair has issued a five-year, €1.2bn, Eurobond at a fixed coupon of 0.875%. Ryanair is rated BBB by both S&P and Fitch Ratings. The bond will be listed on the Irish Stock Exchange (Euronext). “We are pleased with the success of our latest, low-cost, unsecured bond issue,” said Ryanair’s Group CFO, Neil Sorahan. “This €1.2bn transaction, which was multiple times oversubscribed, was keenly priced at a coupon of 0.875%.” The joint bookrunners were BNP Paribas, Citigroup and Commerzbank. Munawar Z. Noorani, Global Co-Head of Aviation at Citi, commented: “Ryanair is of course best in class, massive oversubscription and coupon levels below pre-Covid; bodes well