TAP to Issue €350 Million in Five-Year Bonds for Debt Refinancing

TAP Air Portugal announced plans to issue €350 million in five-year bonds, targeting institutional investors as part of a strategy to strengthen its financial position and extend debt maturity. The initiative aims to refinance TAP’s existing liabilities and consolidate its cash flow amidst ongoing financial challenges. The airline expects the proceeds to enhance its financial stability, offsetting recent pressures in the aviation sector.