|Bid||6.20 x 948200|
|Ask||6.20 x 1900800|
|Day's range||6.18 - 6.42|
|52-week range||5.57 - 12.96|
|Beta (5Y monthly)||1.56|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 May 2019|
|1y target est||N/A|
The fundraising comes through a heavily discounted share sale, offering new shares at €3.58 apiece, less than half Friday’s closing price of €8.21.
(Bloomberg) -- Deutsche Lufthansa AG plans to raise 2.14 billion euros ($2.5 billion) through a heavily discounted share sale as it strives to repay a German government coronavirus bailout.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Amazon, Microsoft Swoop In on $24 Billion India Farm-Data TrovePalm Oil Giant’s Industry-Beating ESG Score Hides Ra
Lufthansa said on Sunday it would launch a capital increase that was expected to raise 2.14 billion euros ($2.51 billion) to pay back part of a state bailout Germany's top airline received during the coronavirus crisis. The subscription period for the widely-expected rights issue, involving the issue of about 597.7 million new shares, would run from Sept. 22 to Oct. 5, Lufthansa said. The airline will use the net proceeds to repay a chunk of the 9 billion euro government bailout it received last year to stay afloat throughout the COVID pandemic, which resulted in the Economic Stabilisation Fund (ESF) taking a stake in the group.