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Commentary & Deal Flow

NEW ISSUE: Avolta (DUFNSW) EUR350m WNG 5.5NC2 Sr Notes

HYC European Market: Deal Flow - General

Ticker

Security

Term

Tranche Size

DUFNSW

Senior Notes

5.5NC2

EUR350m

  • Issuer: Dufry One B.V.
  • Ticker: DUFNSW
  • Size: EUR350m WNG
  • Format: Reg S
  • Security: Senior Notes
  • Expected Issue Ratings: Ba2 / BB+
  • Maturity: March-2032 (5y)
  • Optional Redemption: NC2 (50%, 25%, Par)
  • Denominations: 100kx1k
  • Reg S ISIN: XS3508785303
  • Listing: The International Stock Exchange
  • Law: New York
  • Joint Global Coordinators and Physical Bookrunners: BNP Paribas, ING (B&D), LBBW
  • Joint Global Coordinators: Banca Akros, Santander, UBS
  • Joint Bookrunners: Bank of China, BBVA, BofA, CIC, Commerzbank, CACIB, GS, HSBC, IMI, Mediobanca, MUFG, RBI, UniCredit
  • Co-Managers: DZ Bank, Raiffeisen Schweiz
  • Settles: 22-September-2026
  • UOP: To partially refinance Senior Notes due 2027 and pay transaction fees and expenses
  • Biz: Global market leader in the airport travel retail industry and in the travel food and beverage industry, operating ~5,100 retail stores and restaurants across 70 countries on six continents
    Marketing:
  • Roadshow: Virtual roadshow will run Monday 14 September
  • Investor Call: Monday 14 September 2026, 10:30am UKT / 11:30am CET

https://evercall.co/oacc/67924