Pegasus Transfers Second Coupon Payment of International Bond to Investors

Pegasus Airlines has successfully completed the second coupon payment under its USD 750 million international bond issuance. The payment, made on 11 September 2025, was transferred to the Paying Agent for onward distribution to investor accounts.

Bond Issuance Information

• Issue Amount: USD 750 million

• Issue Date: 11 September 2024

• Maturity: 11 September 2031 (2,556 days)

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• Interest Type: Fixed-rate, semi-annual coupon payments

• ISIN Code: US705567AB14

• Trading Status: Listed

• Central Clearing: Euroclear & Clearstream

With Pegasus’s second coupon payment, the first two instalments of the bond, which includes a total of 14 coupon payments, have now been fulfilled.

Credit Ratings

The bond issuance has been rated by international credit rating agencies:

• S&P Global Ratings Europe Limited: B+

• Fitch Ratings Limited: BB-

• Rating Dates: 21 May 2024 (issuer) – 11 September 2024 (bond)

Pegasus Airlines stated:

“The coupon payment No. 2 relating to the bonds has been transferred to the Paying Agent for onward distribution to investor accounts as of the payment date.”