SAS Scandinavian Airlines has emerged from bankruptcy with Air France-KLM participating as a major investor

The carrier welcomed its exit from creditor protection after restructuring more than $2 billion in debt. This marks ‘the beginning of a new era for SAS’. The governments of Sweden, Norway and Denmark helped negotiate a complex ownership structure. The airline is now under the ownership of investment firm Castlelake, Air France-KLM, Lind Invest and […]

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tui

TUI has a €500 million sustainability-linked bond | Increased by €200 million

Satisfied by the significantly higher demand for its sustainability-related bond, the TUI tourism group decided to place €500 million, instead of €300 million, which was the original offer to institutional investors. The company, which will soon return to the MDAX, intends to use the proceeds to repay its debt and cover the costs associated with […]

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ubs

UBS: Investor Sentiment Q3 2019 Wealthy investors’ optimism is tempered by trade war and politics

High net worth individuals and business owners globally are slightly more optimistic on the economy and stocks but are concerned about the trade war and holding more money in cash, according to UBS Global Wealth Management’s quarterly Investor Sentiment survey.  The survey, which polled more than 4,600 wealthy investors and entrepreneurs in 18 countries, saw […]

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