Monday 20 January 2014 8:35 pm

Ryanair considers issuing bonds to fund the renewal of its fleet

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IRISH airline Ryanair is considering tapping bond markets directly for the first time, it emerged yesterday.

Europe’s largest airline by passenger numbers has issued bonds backed by ExIm bank previously, but is in the process of seeking a rating to gain direct access to the debt markets.

“We are putting ourselves in a position to allow us access to capital markets. We have done it using US government export credit…[but] we haven’t raised any money on Ryanair’s book in debt markets,” corporate treasurer James Dempsey told Reuters.