Germany’s Lufthansa Raises $1.7 Billion in Corporate Bond Sale

Germany’s Lufthansa Raises $1.7 Billion in Corporate Bond Sale
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany, on June 25, 2020. Kai Pfaffenbach/Reuters
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Germany’s Lufthansa said on Tuesday it raised 1.5 billion euros ($1.73 billion) in a corporate bond sale, its third bond sale this year, in order to boost the company’s liquidity and refinance debt.

Earlier this year, the airline company, which was hit by a pandemic-related tourism crunch, raised a total of about 2.6 billion euros in February and July by issuing bonds.