MTU Aero Engines Launches EUR300 Million Promissory Note
Provided by
Dow Jones
Miriam Mukuru
German aircraft engine manufacturer MTU Aero Engines launched a 300 million euros ($321.1 million) promissory note, a debt instrument with a short-term maturity, it said on Wednesday.
"The promissory note is divided into two tranches: EUR161 million with a tenor of three years and EUR139 million with a tenor of five years," MTU said.
The proceeds will go toward general corporate financing, MTU CFO Peter Kameritsch said.
Write to Miriam Mukuru at miriam.mukuru@wsj.com
(END) Dow Jones Newswires
April 24, 2024 07:15 ET (11:15 GMT)
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