Athens International Airport S.A. has successfully priced a 500 million euros senior unsecured bond maturing in 2033, marking a strong return to the capital markets with robust investor demand.
The bond carries a fixed annual coupon of 3.75%, while the issue price was set at 99.469% of nominal value. The transaction has been assigned investment-grade ratings, with S&P Global Ratings assigning a BBB rating and Moody’s Ratings assigning Baa2.
Investor appetite proved particularly strong, with total orders exceeding 2.6 billion euros—resulting in an oversubscription of 5.2 times.
Settlement of the transaction is scheduled for June 24, while the bonds will be listed for trading on the Global Exchange Market of Euronext Dublin.
According to the company, proceeds from the issuance will be used primarily to refinance existing debt and for general corporate purposes. The move is expected to further optimise its capital structure ahead of its long-term airport expansion investment program.
In a related announcement, the company noted that it has been assigned first-time long-term credit ratings of Baa1 (stable outlook) by Moody’s Ratings and BBB+ (stable outlook) by S&P Global Ratings.
Athens International Airport S.A. described the issuance as a key step in strengthening its financial flexibility and supporting its strategic development plans for the coming years.
