|Bid||395.60 x 0|
|Ask||395.70 x 0|
|Day's range||391.10 - 399.60|
|52-week range||3.56 - 628.89|
|Beta (5Y monthly)||2.38|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||12 Feb 2020|
|1y target est||15.65|
Friedrich Joussen told the BBC in an interview that the company was “confident” and “optimistic” that people could have a decent summer as rollout programmes in the UK, the US, and now across Europe gather pace.
The company said that proceeds from the offering will be used "to further improve its liquidity position as the COVID-19 crisis continues and subsequently for the repayment of existing financing instruments."
LONDON (Reuters) -Holiday company TUI AG said on Friday it was raising up to 400 million euros through an issuance of convertible bonds, to improve its liquidity and help pay down debt taken on to survive the pandemic. Germany-based TUI, the world's largest holiday company, has secured multiple bailouts from the German government to ride out the pandemic, and is hoping for a summer pick-up in travel to help repair its balance sheet. The company said the offering of 350 million euros of senior unsecured bonds due 2028 comes with an option to increase the issuance volume by 50 million euros.